USD/JPY analysis (July 17)
After a confirmed break below critical level at 80,00, we see additional pressure on the pair going forward.
Tag: USDJPY
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...
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...