USDJPY Analysis – November 12, 2011
USDJPY’s fall from 79.52 extended to as low as 77.04, suggesting that a cycle top had been formed on daily chart. Range trading between 75.57 and 79.52 would likely be seen over the next several weeks. As...
Tag: USDJPY
USD/JPY Forecast Nov. 11th, 2011, Technical Analysis
USD/JPY had a slightly down session on Thursday as traders continue to grind this pair lower. The post-intervention reaction is the standard one, as the market will try the patience of the Bank of Japan as they...
Forex-Metal Daily Analysis – 10/11/2011
Against the background of the worsening situation in Italy, the euro lost about 310
USD/JPY Forecast Nov. 10th, 2011, Technical Analysis
USD/JPY rose during the session on Wednesday as the flight to safety actually pushed this pair in the opposite direction that we are used to seeing. It appears that traders are quite happy to sit on Dollars...
Forex-Metal Daily Analysis – 09/11/2011
Market participants are looking forward for the voting results in the Italian Parliament.
USD/JPY Forecast Nov. 9th, 2011, Technical Analysis
The USD/JPY pair fell during the session on Tuesday as traders shorted the Dollar against most major currencies. The pair is being supported by the Bank of Japan via intervention, so the move down will more than...
9th November, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act medium-term resistance.The benchmark equity...
Forex-Metal Daily Analysis – 08/11/2011
Rumours of the imminent resignation of Italian Prime Minister supported the euro. Asian and European trading sessions: Euro: Euro was under pressure against major currencies due to concerns of market participants about the political instability in Italy....
USD/JPY Forecast Nov. 8th, 2011, Technical Analysis
USD/JPY continues to hang in around the 78 handle, and as such – it is providing little in the way of short-term trading opportunities. The intervention has scared many of the traders away, but these unilateral interventions...
8th November, 2011 – Daily Forex Report by GFM Research
With most of the asset classes especially the benchmark equity index of the Dow Jones traded sideways, resulting in the Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen...