|Day's range||128.44 - 129.684|
|52-week range||125.08 - 137.23|
The EUR/JPY has formed an obvious ascending trend line at support and the price is looking bullish. W L5 & M L4 are supporting the rising trend line.
Investing.com - The euro extended early losses on Tuesday, falling to fresh seven-week lows as concerns over Italy’s fiscal outlook and a broadly stronger dollar weighed.
Italy’s 10-year bonds now yield 3.63%, just 1.02% below Greece. German 10-year yields are 0.54% despite almost doubling this year. How can this spread affect global equity markets?
Investing.com - The dollar edged higher against a currency basket on Tuesday and the safe haven yen remained steady in cautious trade as rising U.S. bond yields and concerns over the outlook for global growth weighed on risk appetite.
Investing.com - The euro rebounded on Wednesday, snapping five days of losses as reports that Italy plans to cut its budget deficit after next year eased concerns over the prospect of a wider deficit that had rattled markets.
Investing.com - The euro pared back some losses after falling to one-and-a-half month lows against the dollar on Tuesday, amid concerns over Italy’s deepening dispute with the European Union about its proposed budget.
Investing.com - The euro slipped lower on Tuesday amid fresh concerns over Italy's fiscal issues, while the safe haven yen pushed broadly higher as the boost to risk appetite from the re-negotiated NAFTA deal faded.
A bit of hesitation on the GBPJPY. The pair is currently drawing a right shoulder of the H&S pattern. This is not happening in a random place. We are on the mid-term resistance created by the top from the middle of July. Currently, the most crucial level is the orange line. The breakout here will bring us a sell signal.
In this introduction, we will define the types of currency pairs and cover some of the basics you’ll need to know before you begin trading the ‘exotics’.
Today, we will focus on the two pairs with the JPY an Oil. Let’s start with the EURJPY, where yesterday’s daily candle is a shooting star. It would be meaningless if not the fact that this candle is being present on an important horizontal resistance.
One wonders how the Eurozone will achieve higher core inflation if monetary policy slowly tightens and the economic activity slows. Should the Euro appreciate and get back above, say, the 1.20 mark against the greenback, it will be even harder for inflation to accelerate.
>> The EUR/JPY formed an ascending trend line along with the inverted SHS pattern. A close above the M H3 camarilla pivot suggests a further bullish pressure. <<
The EUR/JPY has formed a POC zone straight at D H3/DH4 but below the camarilla W H3 Pivot. Trend lines are suggesting a confluence with technical tools (EMAs, Pivots, Candlesticks) for further bearish movement if the price stays below 129.58.
The last week was very eventful for the USDJPY. Apart from the technical analysis, positive sentiment was strengthened here by the rise of the global exchanges. In the last week, USDJPY broke three important resistances.
Investing.com - After weakening to 13-month lows the euro clawed back above the $1.14 level on Monday, as Turkey’s lira pulled away from record lows against the dollar, but still held heavy losses for the day.
Investing.com - The euro was trading at more than one-year lows on Monday as a crash in the Turkish lira roiled global markets amid fears that the country’s financial crisis could spread to European markets.
Investing.com - The pound fell to the lowest levels of the year on Wednesday as the currency was pressured lower by growing fears over the prospect of Britain exiting the European Union without a trade deal in place.
Having reversed from 112.15-20 horizontal-resistance, the USDJPY now rests on 50-day SMA level of 110.80, which if broken on a daily closing basis could further fetch the quote downwards to 110.55 and 110.25-20 support-zone. In case the pair refrains to respect the 110.20 mark, its plunge to 100-day SMA level of 109.55 and a consecutive south-run to 109.00 can be expected. Should prices take a U-turn from 50-day SMA, the 111.40 may offer immediate resistance to the pair before highlighting the 112.15-20 area again. However, a D1 close beyond 112.20 might not hesitate challenging the 112. ...
Investing.com - The dollar edged lower against a currency basket on Wednesday, sliding for a second day as trade tensions faded, while sterling wallowed near one-year lows, pressured lower by Brexit uncertainty.
The consequences of the trade conflict between the US and China threaten to affect the growth of the entire region, which puts pressure on the yen as well. Global stocks trade slightly lower on Monday morning.
According to different estimates, there is a risk now for Japan to get involved in the trade wars between the US and China. As of yet, there are no compelling reasons to be afraid of it, but in theory, such possibility really exists.
Investing.com - The dollar steadied against a currency basket on Monday following steep declines after U.S. President Donald Trump expressed discomfort with the greenback's strength, while the yen pared back early gains.
Last week was very volatile, especially for the USDJPY. Today, USDJPY reached a combination of two important supports. Price Action says that the broken resistance should be tested as a support and that is exactly what is happening now.