Tag Archives: EUR/JPY

Daily Technical Report

EUR/USD has broken its short-term risingtrendline, suggesting the end of the recentrebound. However, the hourly support at 1.3390(13/11/2013 low) has held thus far and

FX Daily Majors

Today’s highlights: * USDJPY spotlights turns to the key 101.54/61 barrier. Above here is needed to open up a test of the year’s high at 103.10/74.

Morning FX Market Commentary

Sterling remains well bid The euro profited only modestly from Draghi’s comments that nothing new has been decided about the deposit rate.

Daily Market Technicals

EUR/USD failed to retest the channel base as bulls yesterday were capped by the 5-DMA which is now initial resistance today at $1.3486.

UBS Morning Adviser

The Bank of Japan is likely to ease policy further in April, but investors haveonly just begun to position for this outcome. So we raise our USDJPYforecasts to 103

Daily Technical Report

EUR/USD has broken its short-term risingtrendline, suggesting the end of the recentrebound. A new phase of weakness is favoured.An hourly support lies at 1.3390 (13/11/2013 low).

UBS Morning Adviser

Yen Pointers From Nikkei The ‘big’ GPIF announcement has come and gone, and USDJPY watchers are still none the wiser as to when the big structural reforms can materialise.

Daily Market Technicals

EUR/USD attempted a break above the $1.3550 level but bulls ailed to sustain the rally into the channel (base now key resistance at $1.3545), weakening daily studies further.

Daily Technical Report

EUR/USD has breached the resistance at1.3548 (see also the broken rising channel), buthas thus far failed to hold above it, suggesting apotential false breakout.

Weaker CAD, AUD & SEK looks increasingly likely.

EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.

UBS Morning Adviser

Fed Chair Bernanke overnight mostly reiterated the message from the Sept 18post-FOMC press conference, and the dollar sold off briefly before recovering.

EUR/USD continues to grind higher afterhaving successfully tested its recent low at1.3296 (see also the 50% retracement). Monitorthe test of the resistance at 1.3548 (see also thebroken rising channel).