OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY establishes fresh session highs at 93.46/47

The USD/JPY has shot higher during European trading Wednesday, after bottoming out at 93.00 (session low) earlier today during the overnight session. In these moments the pair is now recording fresh session highs at 93.46/47, advancing +0.14% above its opening.

According the Technical Analyst Team at ICN.com, “The USD/JPY is trading in a narrow range below the broken ascending channel key support. We think that the bearish move is valid today with stability below 93.85. A breakout below Linear Regression Indicator 55 residing at 92.80 will also support negativity.”

ICN.com identify the next resistances at the 93.65 level, onto 93.85, and finally 93.80. On the decline, a break below the 93.00 supportive barrier will trigger additional means of correction at 92.80 and 92.50.

Forex Flash: What lies ahead of EUR/USD? – Commerzbank and UBS

The euro remains trapped around the mid 1.3000s on Wednesday, extending the congestion pattern seen overnight and waiting for the Q4 EMU GDP figures due later...
Read more Previous

Forex Flash: King and Baily to testify in Parliament but eyes remain on MPC tomorrow - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that in the UK, Mervyn King and Andrew Baily testify in parliament this morning but the day before an MPC meeting we will not hear anything on monetary policy.
Read more Next
Start livechat