Tag Archives: USD/JPY

Daily Technical Report

EUR/USD has declined further and is now near its support at 1.2247.

EURUSD: The move below 1.2321/16 has put further pressure on the pair

With an A-B-C decline complete the path of least resistance is now higher for $JPY.

In terms of data releases we have a quiet day ahead of us.

The EUR/USD is hovering precariously above 2014 lows with layers of support noted

The pair opened at Y118.84 having dealt a NY range of Y118.58 to Y119.31.

AUD/USD: We initially saw some profit taking in Asia but bounces have been limited.

EUR/USD has declined sharply near the resistance area between 1.2577 (04/11/2014 high) and 1.2600,

EURUSD: The test into the 55d ma band ended with an impulsive rejection and

The German IFO expectations are due for release and we look for another positive surprise.

The lack of follow through on the spike above the 55-DMA Tuesday resulted in a sharp sell-off

The pair opened at Y118.65 in calmer Asia Thursday after a volatile NY range of Y116.82 to