Monthly archive August, 2017

EURJPY – Euro In Bullish Trend Above 130.90 Vs Japanese Yen

Key Points

  • The Euro climbed higher and traded above the 131.00 level against the Japanese Yen.
  • There is a crucial bullish trend line forming with support at 130.90 on the hourly chart of the EURJPY pair.
  • Today in Japan, the Read More →

GBPUSD – British Pound To Break Down Vs US Dollar?

Key Points

  • The British Pound likely made a short-term top near 1.2979 against the US Dollar.
  • The GBPUSD pair is attempting a break below a bullish trend line with support at 1.2900 on the hourly chart.
  • Today in the UK, Read More →

EUR/USD: Balance Of Risks Into Year End: A Reversal Towards 1.15: 4 Reasons – BofAML

Bank of America Merrill Lynch FX Strategy Research has revised its EUR/USD projections upward, but retains a bearish path for year-end.

BofAML now expect EUR/USD to weaken towards 1.18 by end of September and towards 1.15 by year-end Read More →

USDJPY – US Dollar Back in Uptrend Vs Japanese Yen?

Key Points

  • The US Dollar recovered sharply from the 108.35 low against the Japanese Yen.
  • There was a break above a bearish trend line with resistance at 109.10 on the hourly chart of USDJPY.
  • Today in Japan, the Retail Trade Read More →