OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: USD/JPY looks technically bullish - Nomura

FXstreet.com (Barcelona) - Nomura strategist Saeed Amen has taken a look at USD/JPY for the week ahead from a purely technical perspective.

Looking at his daily chart he note that note that spot is up on the week and he is holding his bearish outlook. He notes that spot broke through the 20D SMA on the upside and bandwidth has alsostarted to expand, suggesting that a breakout is likely (on the upside). He writes, “RSI also jumped and has remained elevated indicating that momentum is on the upside. Our target is 97.10 (upper Bollinger band).”

Canada Mar Ivey Purchasing Managers Index s.a improves to 61.6 vs 51.1 (Feb)

Read more Previous

American equity markets plunge after soft US payrolls

The US stock market moved definitely lower Friday after lackluster US data. In the United States, the Nonfarm Payrolls (March) were reported at 88K, against expectations of 200k. Meanwhile, the Unemployment Rate (March) came in at just 7.6%, beating consensus estimates of 7.7%.
Read more Next
Start livechat