Tag Archives: USD/JPY

Daily Technical Report

EUR/USD is bouncing within its underlyingdowntrend. Hourly resistances can be found at1.3444 (28/07/2014 high) and

AUDUSD moved up to 0.9324, in line with Friday’s highs, but EURUSD and USDJPY are basically flat at 1.3426 and

O/n the intraday charts completed a wave-iv triangle and this signals a move to above 103.09 today.

Following plenty of releases last week, we are heading for a quieter week on theglobal agenda.

After finding support ahead of the 100-DMA last week the EUR/USD bounced to marginally trade above the previous $1.3444 resistance.

The pair started the week at Y102.53 in Asia having traded a NY range of Y102.34-Y103.03,

U.S. Review Growth Returns to a Solid Footing • The economy expanded at a 4 percent pace in the second quarter of the year,

Earlier this week, Morgan Stanley shifted away from the bearish USD/JPY view they have held since January.

Currencies are diverging as we approach the NA session, a break from the trend of broad-based USD strength that we have observed throughout the week.

EUR/USD is in an underlying downtrend.However, the last two days have displayed largelower shadows,

G10 FX has traded sideways. USDJPY is at 102.89, EURUSD is trading 1.3388, and AUDUSD is flat to its Asian open at 0.9295.

EURUSD: Correction higher consolidation. The 1.3375-50 target/support zone still attracts some buying.