As expected, USDJPY breaks below 97.95 support and reaches as low as 97.13 level. Deeper decline to 96.50 to reach the next short term cycle bottom on 4-hour chart is possible.
“Initial resistance is at 97.75 and key resistance is located at 98.50, above this level will indicate that a short term cycle bottom has been formed and the fall from 99.64 has completed,”
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
Forex trading sites offer different account types. Make sure you find the right trading site , and then the job of selecting the account ty... -
WASHINGTON -- A trio of reports Friday suggested the economy, while still sick, is healing a little. Consumer sentiment, for instance, got b...
-
Gross Domestic Product (GDP) – This measures the total market value of all goods and services that companies make within the country. This ... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
-
Market orders are the most basic Forex trading orders that are bought and sold for the current market price. With market orders, the... -
Choose the right program for you - You first need to examine each of the websites, according to the services they offer. Some websites are ... -
Australian Dollar has appreciated further on Tuesday’s European session, and the pair has risen from levels around 0.7400 to 0.7475; 7-month...
No comments:
Post a Comment