Tag Archives: USD/JPY

USD/JPY Analysis

The pair started the morning at Y114.05 today after another strong rally through Y114.00 option barrier and

U.S. equity markets closed October on a new monthly high; however a lack of upside momentum in

EUR/USD: was rather wild for a change in Asia but has since reversed to trade only 25 pips lower than Friday’s close into the European open.

EURUSD: Following the recheck and validation of the neckline breakthe market continued its descent down to

A very busy week ahead with PMIs/ISM today, mid-term election in the US onTuesday, ECB meeting on Thursday and US non-farm on Friday.

Fresh 2014 and 2 year lows reconfirmed bearish pressure last week with overall focus having shifted to the $1.2042 2012 low.

The JPY ran into further losses this morning vs the US dollar despite the closure of Japanese markets due to a public holiday there.

EURCHF on a collision course with EURCHF “floor” EURCHF continues to grind lower, increasing the speculation that it’s only

This rally to a new high does satisfy wave-5 and there is finally a proper momentum

Developments in the Asian and European session were important drivers of medium term USD strength.

EURUSD: A move below key support at 1.2540-45 will expose 1.2500.

EUR/USD is approaching the key support at1.2501.