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Monthly archive July, 2017

AUDJPY – Aussie Dollar To Test 86.50 Vs Japanese Yen?

Key Points

  • The Aussie Dollar is mostly ranging above the 85.70 support area against the Japanese Yen.
  • The AUDJPY pair recently broke a bearish trend line with resistance at 86.00 on the hourly chart.
  • Today in Japan, the Leading Economic Read More →

EURJPY – Euro Might Trade Above 128.80 Vs Japanese Yen

Key Points

  • The Euro is following a bullish path above 128.00 against the Japanese Yen.
  • There is a key contracting triangle pattern with resistance at 129.00 forming on the hourly chart of EURJPY.
  • Today in the Euro Zone, the Factory Read More →

GBP: Is BoE Defending GBP Credibility? What’s The Trade? – Barclays

Barclays Capital FX Strategy Research notes that the recent hawkish stance of the BoE following Governor Carney’s speech last week come could likely be an attempt by the central bank to defend the credibility of GBP.

"We had long Read More →

GBPCHF – British Pound Looks Set to Break 1.2500 Vs Swiss Franc

Key Points

  • The British Pound remained elevated above the 1.2450 support against the Swiss Franc.
  • There is a major resistance formed near 1.2500 on the hourly chart of GBPCHF, which is protecting gains at the moment.
  • Today in Switzerland, the Read More →