Tag Archives: USD/JPY

FX Majors Trading Strategies

EURUSD: Go short around the overnight high of 1.2931 and add ahead of 1.2975 with a close stop above 1.3000.

Sterling traders adjust strategy after “no” victory The Scotland says “no” to independence, hence the 307-year-old union remains intact.

The market continues to digest this week’s events. Into today’s open the USD is strong,

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

Today’s highlights: EURGBP continues its decline and we stay bearish here for

As early results trickled in that the Scottish referendum favored a No vote, most Asian equity markets rallied.

EURUSD: The move higher, and especially so if taking out 1.2943, isquestioning the call for a final drop below 1.2834.

Main focus will be the digestion of the Scottish referendum. The ‘No’ vote means wewill see some relief in the markets.

The JPY slumped to another 6-year low vs the dollar this morning, with dollar-yen trading through Y109.00 for

EUR/USD has currently found support ahead of the recent 2014 low with the bounce seeing the pair heading back

Markets are still digesting yesterday’s Fed release, with equities stronger, the US 10year at 2.61 and the USD mixed leading into the open.

EUR/USD has failed to break the hourlyresistance at 1.2988 (05/09/2014 high).