The USD/JPY pair fell again on Monday, as the Dollar got hit against all major currencies. However, the Bank of Japan has been very vocal over the last 24 hours about “speculative” moves in the Yen, and...
The Dollar Index is approaching important support zone of 75.40-76.00, consistent close below 75.00 would resume long-term bearishness in the USD. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
Weekly review for 17 – 21. 10, 2011
The pair remains in a long term bearish trend but it is still complicated to trade with sharp upside down moves.
The USD/JPY pair spiked lower on Friday and even managed to peak below the 76 handle. The area has been massive support, and as such – repelled the surge eventually.
USDJPY broke below 75.96 previous low and reached 75.81 level. Further fall is still possible next week, and next target would be at 74.00-75.00 area. Resistance is at 76.50, a break above this level will indicate that...
The USD/JPY pair continues to hover around the 77 handle during the Thursday session, and looks very likely to on Friday as well. The range it has been stuck in between 76 and 77.50 looks likely to...
The Dollar Index is trading in tight range between 77.50 and 76.50 as a result the benchmark equity index of the Dow Industrials traded flat. Though 76.00 ranges are expected to again act important support in medium...
As the rumours around the agreement between France and Germany on increasing the size of EFSF reinforced, the euro strengthened.
The Dollar Index recovered off the European lows during the American trading session on the event of correction/continued fall witnessed in most of the asset classes. Though 76.00 ranges are expected to again act important support in...
