OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/JPY climbs above 125.50

The shared currency strengthened during the American session and advanced to fresh daily highs against the dollar and the yen on better risk appetite.

Following a consolidation stage, EUR/JPY picked up momentum and rose nearly 80 pips toward a high of 125.58. At time of writing, the pair is trading around 125.50, where it is 0.7% above its opening price.

In terms of technical levels, if EUR/JPY clears the 125.60 area, next resistances are seen at 125.88 (Mar 8 high) and 126.00 (psychological level) ahead of 126.50 (Feb 13 high). On the flip side, supports could be found at 125.00 (psychological level) and 123.80 (Mar 8 low).

Forex: GBP/USD flat around 1.4920/25

After dipping to 32-month lows in the area of 1.4865/70, the sterling gathered traction and extended the current correction to the proximities of 1.4920, although the sentiment surrounding GBP continues to be strongly bearish...
Read more Previous

Wall Street closes higher; DJIA and S&P post 7-day win streak

The US stocks market closed Monday with gains after recovering initial losses on the back of concerns above weakness in China and Europe. The Dow closed at record high for 5th straight day.
Read more Next
Start livechat