OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY: Bullish bias while above 109.20 - 2ndSkies

FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, remains with a bullish bias in USD/JPY as long as above 109.20 support.

Key Quotes

"Continuing its bull run, the USDJPY sold off in early US trading today, only to find a strong bid, and form a long tailed pin bar rejection off the 1hr 20 EMA & key support around 109.50 that we talked about prior. The pullback since then has been largely corrective, so I am looking to buy pullbacks."

"If we get aggressive selling and a break below 109.50, then the lows from yesterday come into play around 109.20. If either of these hold, then we should see a re-attack on the yearly highs just above 109.75. Hence I'm continuing my bullish bias while above 109.20 short term which has paid off in the last two trade setups I took on this pair."

GBP/USD awaits BoE while USD takes charge - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that GBP/USD still trades around 1.6200, having ignored GDP positive readings already Europe, sliding along with its European counterpart and reaching 1.6166 from where it bounced.
Read more Previous

Australia AiG Performance of Mfg Index fell from previous 47.3 to 46.5 in September

Read more Next
Start livechat