OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: USD/JPY, focus on 97.00/97.80 - JPMorgan

Following the break of important 94.77/95.00 resistance zone, "the focus in UD/JPY is now on the 97.00/97.80 zone, which includes the Aug ’09 high" says JPMorgan FX strategist John Normand.

"In turn, corrective retracements are viewed as buying opportunities as pullbacks should find support at 94.75/94.10 and 93.50. Still, given the potential momentum divergences, the upside is likely to be more of a grind to new highs. Cross JPY has shifted higher as well with the rally taking on a more impulsive, trending bias" John adds.

Forex: EUR/USD attempts to leave the 1.3000 mark behind

After trading glued to the 1.3000 number during almost the whole Monday, the EUR/USD has accelerated in the late American session and currently the pair is testing the 1.3050 level, pretending to leave the 1.3000 mark behind it.
Read more Previous

Forex: NZD/USD capped below 0.8300

NZD/USD is last at 0.8264, off recent fresh weekly high at 0.8286, 11 pips below Friday's high previous to US NFP data, that showed best unemployment rate in 4 years, adding the most jobs in 1 year. The pair has found bids few pips above 200 day SMA that runs at this moment around the 0.8177, while Friday's fresh 2-month lows post-NFP were printed at 0.8186.
Read more Next
Start livechat