Tag Archives: EUR/JPY
FX Daily Crosses
Today’s highlights: – EUR/GBP: Pausing for breath after the recent breakout. We remain bullish target .8157 and then .8263, however we do not rule out a brief correction lower to .8090/99.
Technical Analysis
Risk on mode remains in place. Again basically slow moves however with the greenback gaining some since yesterday whereas the euro and especially the yen having weakend somewhat. Chinese equities having a good day (so far) challenging the Sept/Oct peaks.
FX Market Technical Research
EUR/USD: Capped By May 1 Resistance Line. The pair moved up to the May 1 resistance line, but consolidated below as daily tech studies pointed the way higher.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Neckline/trendline break above .8103/15 paves the way for further strength to .8157 and then .8263 – the 38.2% Fibonacci retracement.
Daily FX Technical Strategy: EUR looks up
Positive moves in European equities, such as the bullish flag and double-bottom confirmation in the French CAC, along with the bullish break in Italian 10y Government Bonds toward the 2012 yield lows near 4.68%, have prompted a more optimistic outlook for the EUR.
Technical Analysis
The euro looks a little stronger now and defensive currencies like USD & JPY have to dodge. EURUSD could set a fresh >1.3173 high – at least barring a <1.2825 counterbreak… Below 78.60 would hurt the dollar against it’s index…
FX Market Technical Research
EUR/USD: Focus Turns Higher Towards May Resistance Line. The pair spikes higher, straight through the Sept 17 resistance line to challenge the upper Bollinger band.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Poised to breakout above .8103/15 resistance, as support at .8022 continues to hold firm. We expect an extension higher to challenge .8157 initially.
EURJPY testing through resistance
The strong US retail sales data saw a rebound in risk appetite and a weaker JPY and the key Euro crosses are bid as well, as EURJPY pressed beyond the bounds of the recent triangle of consolidation.
Technical Analysis
Most markets seem tucked into ranges – EURUSD inside 1.2825-1.3072 is no exception… EURJPY is allowed to lift to test resistance on slightly better risk appetite…
FX Market Technical Research
EUR/USD: Daily Bolli Bands Narrow, Focus On Sep Resistance. EUR/USD ranging sideways within a flag pattern, while the daily Bollinger bands begin to narrow indicating decreased volatility.
Daily FX Technical Strategy: USD/CAD in a tight spot
The outlook for risk deteriorated late last week and a series of Double Tops suggest some follow through selling in the coming days.