EURJPY- While the cross continues to hold above the 104.95 level, its Sept 27’2011 high, risk remains higher towards its Monday high at 107.67 level.A convincing violation of here will ...
U.S. Dollar Trading (USD) more mixed trading at highs overnight with stocks doing well in the European session but reversing later in the US session with concerns that France and Germany were at ...
The resistance of the descending channel halted the pair's upside attempts, thus the pair reversed to trade back below the 50 EMA affected by negativity on Stochastic as well. Therefore, we expect an ...
Daily Pivots: (S1) 105.15; (P) 105.84; (R1) 106.36;At this point, we're still favoring the case that EUR/JPY's rebound from 100.74 is finished at 107.67 already. Below 104.77 will extend the fall from...
GBP/JPYYesterday, I estimated that the pound reached levels, which were potential for reversing-up against the USD. The reversal did occur and the pound is looking strong. In addition, the trade idea ...
Initial support seen near 104.96/99 floor.EUR/JPY saw a test of the 104.96/99 floor yesterday where initial support has been found. This price action is in line with our expectation of a fresh swing ...
Daily Pivots: (S1) 104.87; (P) 105.53; (R1) 106.30;The break of 105.12 minor support argues that rebound from 100.74 is finished at 107.67 already. In spite of the current recovery, we're slightly ...
The euro moved higher on Wednesday despite Moody’s downgrading Spanish government debt by two notches. The single currency was lifted by reports that France and Germany reached a deal to ...
U.S. Dollar Trading (USD) stocks soared in the last hour of US trade on a UK guardian report that France and Germany had agreed to increase the EFSF to EUR2 Trillion to help safeguard against debt ...
The pair rebounded to end the day above the retest level we mentioned previously at 104.95. Stochastic is heading towards overbought area, which is another negative sign in addition to stability below...