USD/JPY Analysis (July 27)
The pair remains under pressure while trying to establish below 78,00. Next target is given by March low at 76,30.
Tag: USDJPY
26th July, 2011 – Daily Forex Report by GFM Research
The Greenback traded flat amidst profit taking in the Dow Jones Industrials, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly...
USD/JPY analysis (July 26)
The pair continues to trade lower and is now testing the 78,00 level. If the market establishes below this support, we might see a continuation towards March low at 76,30.
25th July, 2011 – Daily Forex Report by GFM Research
The USD traded flat against most of the majors, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly close above 76.70...
USD/JPY analysis (July 25)
The pair is now following a clear downtrend and we might see additional pressure going forward.
USDJPY Analysis – July 23, 2011
USDJPY’s downward move from 85.51 extended to as low as 78.22. Further fall towards 76.40 previous low is still possible next week. Key resistance is now at 79.60, only break above this level will indicate that a...
22nd July, 2011 – Daily Forex Report by GFM Research
The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
Forex-Metal Daily Analysis -21/07/2011
European Summit expectations increase the demand for the high-risk assets.
USD/JPY analysis (July 22)
With a break below last week low, the pair has confirmed a bearish outlook and we now expect additional decline going forward.
21st July, 2011 – Daily Forex Report by GFM Research
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...