USD/JPY Trades At 108.60
Since Thursday, the USD/JPY currency pair has been trading sideways at the 106.60 level. Given that the exchange rate is supported by the 100-hour moving average at 108.60, it is likely that some upside potential could prevail in the market....
GBP/USD Could Exceed 1.2900
Yesterday, the GBP/USD exchange rate failed to exceed the resistance level formed by the monthly R2 and the Fibo 38.20% at 1.2918. During Friday morning, the rate continued to test the given resistance. Note that the currency pair is supported...
EUR/USD Consolidated Near Weekly R2
On Thursday, the EUR/USD currency pair tried to surpass the resistance level formed by the weekly R2 at 1.1137. During today’s morning, the pair continued to test the given resistance. If the given resistance level holds, it is likely that...
AUD/USD Outlook: Aussie Extends Advance After RBA Governor Diminished Prospects For Rate Cut
The Australian dollar hit one-month high at 0.6842 on Friday, in extension of Thursday’s 1% rally, with fresh advance being sparked by more hawkish than expected remarks from RBA’s governor Lowe. Lowe said that implementation of negative interest rates in...
GBPUSD Rally Fades
The British pound is starting to trade towards the 1.2850 level against the US dollar, after the pair hit its highest trading level since May 2019 on Thursday. A medium-term price high could be in place for sterling if UK...
EUR/USD Outlook: Euro Maintains Bullish Bias and Likely to Benefit on any Brexit Outcome
The Euro puled back after probing above daily cloud top (1.1123) in strong advance that was driven by Brexit deal announcement and pound’s reaction on news. Near-term action is holding in consolidation range, after bulls were capped by 100DMA (1.1137),...
USD/CAD In Battle With 1.3340 Familiar Resistance
USD/CAD gathered strong bullish momentum on Wednesday and is currently trading near the key 1.3340 resistance level, which the bulls could not successfully overcome for more than three months now. Technically there is more bullish fuel in store as the...
USD/JPY Is Neutral Prior To The NFP
The USD/JPY is neutral prior to the NFP. Today’s NFP should spark volatility in markets. Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate are released the same time. USD/JPY price action will depend on the data, not just...
GBPUSD Rallies On Price Follow Through
GBPUSD rallied on Thursday as it followed through higher on the back of its Wednesday gain. Support lies at 1.2350 area with a break below that level turning attention to the 1.2300 level. Further down, support lies at the 1.2250...
GBP/USD Outlook: Fresh Advance Signals Possible Break of Four-Day Congestion
Cable accelerated higher in early US trading on Thursday, signaling possible break of four-day congestion, after long-tailed candles of past two days added to idea of bears’ stall. Fresh advance broke above Fibo barrier at 1.2349 (38.2% of 1.2582/1.2204) and...
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