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...
Tag: USDJPY
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...
USD/JPY Technical Analysis for July 14, 2011
USD/JPY fell again on Wednesday as the Federal Reserve Chairman suggested in front of the US Congress that further quantitative easing may be in the cards. The pair is well below the all-important 80 level, and now...
USD/JPY Technical Analysis July 13, 2011
The USD/JPY pair fell on Tuesday as traders bought the Yen across the board. With the jitters coming out of Europe, there is a real possibility that we could see a serious down move at any moment....
13th June, 2011 – Daily Forex Report by GFM Research
The US Dollar traded strong for most of the day; though it has trade strong though the Asian and European trading sessions, profit booking was witnessed during the American trading session on the event of the smart...
USD/JPY analysis (July 13, 2011)
The picture has now changed on the pair with the clear break below 80,00 and even 79,50 (may low). We are now bearish as long as 80,00 is resistance.
12th July, 2011 – Daily Forex Report by GFM Research
The US Dollar Index appreciated for fourth consecutive day on the event of on the event of profit taking in the key equity index of the Dow Jones Industrials (DJIA). The USD has appreciated homogeneously against all...
USD/JPY analysis (July 12, 2011)
The pair didn’t take advantage of the US Dollar strengh mainly driven by the Euro. On the contrary, the USD/JPY has been falling back towards the 80,00 critical level.