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GBP/JPY Daily OutlookDaily Pivots: (S1) 141.42; (P) 142.80; (R1) 143.95GBP/JPY's retreat from 144.80 is still in progress and deeper fall could be seen. But movement to the downside should be...
USDThe dollar rose on Tuesday due to concern about the German economy, which showed slack growth in 2012. Data was mixed, with Advance Retail Sales rising by 0.5% in December versus 0.2% expected and...
GBP/USD Open 1.6073 High 1.6101 Low 1.6030 Close 1.6061On Tuesday GBP/USD traded within almost 70 pip range. The cable appreciated from 1.6032 to 1.6101 yesterday, in line with the neutral money flow...
So far, USD/JPY reversed nicely lower as expected from wave (v) resistance area with prices already testing lower support line of an impulse channel, which means that five wave advance has...
EUR/JPY Forming a host of price action setups lately, the EUR/JPY formed a LH and bearish engulfing bar combo on Tuesday, which suggests short-term topping. I suspected this based on the extreme price...
The euro, along with other higher-yielding currencies, turned bearish yesterday, as fears regarding the slow pace of the US economic recovery encouraged investors to shift their funds to safe-haven...
EUR/USD Open 1.3307 High 1.3394 Low 1.3260 Close 1.3303On Tuesday EUR/USD decreased with 130 pips. The European currency depreciated from 1.3394 to 1.3260 yesterday, matching the negative money flow...
The EUR/USD is pulling back from the most recent bullish momentum. As it stands, the 240min is in criteria 2c (reverse divergence) and we're anticipating 2d leading to 3a (or 1a). So, on the faster...
The word on the street is that the USD/JPY has moved too far too fast. Nonsense!There is no doubt but that the yen has been a big mover since October 2012. But I am hearing many traders say they want...
EUR/USDTrading range: 1.3310 - 1.3210Trend: DownwardSell at 1.3297 SL 1.3329 TP 1.3220USD/JPYTrading range: 88.30 - 87.35Trend: DownwardSell at 88.16 SL 88.48 TP 87.44GBP/USDTrading range: 1.6080 -...
The comment yesterday, from the Japanese Economics Minister, Akira Amari, that the yen exchange rate was now “ in line with fundamentals”, and the market’s quick back-up reaction,...
We stick to our view that among the major currencies, the euro will be the top pick in the currency market in H1 13. The combination of i) fewer tail risks attached to the single currency, ii) the ECB...
NZD/USDA larger corrective downtrend started from 0.8845 (Aug’11 high) appears to be unfolding in a multi-month flat wave pattern. The corrective recovery from 0.7455 (June low) has the...
Market CommentaryThe Dollar Index is trading at 79.50 ranges, near the support of the sideways trading range of 79.00-81.00 formed since couple of months; next leg of weakness in the USD is expected...
If Monday was strange then yesterday was even stranger. Some moves developed very close to expectations, the Swissie went bonkers and the Aussie … well, it’s too hot down there so it...