Tag Archives: USD/JPY

Daily Market Technicals

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

With little natural resistance above, the next upside level of interest is the measured move target at 109.96;

Today’s highlights: EURGBP falls to test our core bear target at .7800/.7790, where we look for a base.

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

EURUSD has bounced off of its Friday low to trade up to 1.2863 while USDJPY has dipped to 108.73, close to its Friday low.

EURUSD: The drop below 1.2834 became exactly the kind of lowconviction move that one expects to

In the euro area, ECB president Mario Draghi will testify before the EuropeanParliament’s Economic and Monetary Committee at 15:00 CET.

The pair started the week at Y109.05, spiking to an early high of Y109.19 before correcting lower to hit session

Recent failures ahead of $1.3000 last week resulted in fresh lows with bulls now needing a close above

It seems that the markets are up for a major test, as the USD approaches multi-year resistance levels…will it?

U.S. Review FOMC Meeting Does Little to Change Our Outlook • The Fed lowered its projections for GDP and unemployment slightly,

USD/JPY – BULLISH BIAS – (106.80-110.20)