Tag Archives: USD/JPY

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EUR/USD: found strong demand around 1.2900 just as we were preparing for a break lower.

EUR: EUR/USD heading towards 1.27

The WSJ has its second blog post in a row suggesting that there is a strong case for Fed patience on rates

Today’s highlights: USDJPY’s advance has found a temporary halt just shy of the potential trend line resistance at 107.52.

EUR/USD is trying to bounce from its oversolddecline.

EUR/USD over 1.2890 would target 1.3047 next. Below 1.2908 would reopen the recent 1.2859 low again…

The 7 month triangle breakout is now followed by a 2014 breakout and this is all unfolding as an impulsive Elliott wave rally.

Main data releases will be German ZEW and UK inflation.

The pair started out at Y107.19 as Japanese traders returned from their 3-day holiday weekend.

The $1.2989 resistance level confirmed its significance with the EUR/USD pulling back from ahead of this level to start the new week.

EUR/USD: took out resistance above 1.2950-60 to a high of 1.2980 on a short squeeze in New York trading on Friday.

FX markets are mixed with outperformance from CAD, NZD, JPY and MXN and weakness from the Europeans and AUD.