Tag Archives: USD/JPY

Daily Market Technicals

Recent topside failures ahead of the key $1.3445 resistance level have seen bearish hopes tentatively reconfirmed.

JPY opened this morning at Y102.19 while euro-yen started at Y136.78. Early risk on trades saw the cross being lifted to Y136.87,

The 101/103 range persists in $JPY. Friday, a bullish shooting star candle reversed early losses;

A volatile global environment, with some easing in concern over Ukraine offset by an escalation in Iraq, is being watched carefully by markets.

Today’s highlights: USDCAD stays biased directly higher to challenge 1.1027/54 next. Above here would open up a move to retest the 1.1280 March high.

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296,

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

Stopped out of $JPY long. The long was initiated on a triangle breakout and double bottom breakout above 102.80 and

A very quiet start to the week with no key data releases.

Friday’s bounce fell short of the $1.3445 resistance level with bulls needing a close above this level to confirm an easing of bearish pressure.

The pair started today’s Asia-Pacific session at Y102.18, after closing Friday’s US session at Y102.03.

U.S. Review Economic Acceleration But Restraint Persists • The economy continues to show signs of acceleration this week,