OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY bulls committed back into range

FXStreet (Guatemala) - USD/JPY is currently trading at 119.17 with a high of 119.29 and a low of 118.82.

USD/JPY is back into the vicinity of the familiar range while bears attempts of a break out are short lived and denying a free ride to the sellers of the 118 handle. The major is back and testing the 20 SMA on the 4hr chart, currently at 119.13. The dollar was back in demand and the pair moved back up onto the 119 handle in a drift since the Europeans bidding.

USD/JPY levels

Technically, a break of 116.20 is likely needed to confirm the downside although the 2012-2015 116.87 uptrend should be a tough area of support. Next stop would be 117.50 on a break of 117.90. On the flip side, 119.96 20 day ma guards recent and familiar upside resistance Resistances with last week's high at 120.57 ahead of the 200 day moving average at 120.88.

EUR/USD fades the spike to 1.1380

After a failed attempt to clinch the vicinity of 1.1400 the figure, EUR/USD has once again returned to the 1.1370/65 band...
Read more Previous

WTI bounces off daily lows, back to $46.60

After a brief test of session lows in the $46.30/20 area, crude oil prices have regained the positive territory and are trading back around $46.60/65 per barrel...
Read more Next
Start livechat