Tag Archives: USD/JPY

FX Daily Majors

Today’s highlights: EURUSD breaks to a new cycle low leaving the trend directly bearish to 1.3104, then our 1.3020/15 target.

September is here. We are now approaching the biggest focal point for the year regarding how the USD/JPY uptrend will pick up pace.

In FX, EUR continued to inch lower to 1.312 ahead of Thursday’s ECB meeting.

Bounced off the 103.50 pullback and now broke bull flag resistance. 103.56 marked the low of wave-4 or wave-a of 4;

Focus will be on European and Asian data with the US closed for Labour Day.

The correction lower from the failed attempt at the $1.3220 level gathered steam Friday with the bearish close around

The pair witnessed a subdued session this morning in Asia, in part due to the closure of US markets for the Labor Day holiday.

U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,

USD/JPY – BULLISH BIAS – (103.00-105.00).

CAD is outperforming ahead of its Q2 GDP release, JPY and AUD are weak, and most of the remaining G10

Today’s highlights: EURJPY is attempting to break its medium-term uptrend at 136.57.

EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).