USD/JPY analysis (July 19)
After a confirmed break below critical level at 80,00 from last week, the pair has been trading flat for a few days now.
Tag: USDJPY
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New wave of concerns over the possible debt crises of Italy and Ireland overwhelmed the market
18th July, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed against most of the majors, wherein it continued appreciating against the Aussie Dollar and traded flat against other majors of the Euro, the Cable and the Japanese YenKey equity index, Dow Jones...
USD/JPY analysis (July 17)
After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
USDJPY Analysis – July 17, 2011
USDJPY broke below 79.57 support and reached as low as 78.46. Deeper decline is expected next week, and next target would be at 77.50 area. Resistance is at 80.00, only break above this level could indicate that...
USD/JPY Technical Analysis for July 15, 2011
The USD/JPY pair rose on Thursday as traders heard remarks out of the Bank of Japan suggesting that the current exchange rate does not reflect fundamentals. The BoJ has a long history of intervention, and as such...
USD/JPY analysis (July 15, 2011)
The pair remains bearish after the breakout of the 80,00 critical support. However, the market has found some great support on top of 78,50 tested twice oover the last 2 days. A break above 79,60 would validate...
15th July, 2011 – Daily Forex Report by GFM Research
The Greenback traded flat after it has depreciated heavily on Wednesday, the 13th on the back of widened trade deficit. Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of 12700-12800...
USD/JPY analysis (July 14, 2011)
The breakout of the 80,00 critical support has lead to an acceleration of the decline with a new fresh low at 78,50. It is worth noting though that this 78,50 level has offered a great support lately....
14th July, 2011 – Daily Forex Report by GFM Research
The US Dollar tumbles after the trade deficit widens by more than $6B. The USD appreciated homogeneously against all the FX majors.Key equity index, Dow Jones Industrials (DJIA) is expected to find resistance in the zone of...