OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/JPY upside capped around 130.00

FXstreet.com (Barcelona) - The pair continues to retrace earlier gains, falling from session highs in the vicinity of 130.00 overnight, following the correction higher of the Japanese yen. Recall that the JPY traded just pips away from the psychological mark at 100.00 intensifying its weakness since the last BoJ meeting last week.

“The cross posted a new recovery high this morning and there is scope for a test of critical resistance at 132.05. Support is at 126.76”, suggested G.Yu and G.Berry, Strategists at the Swiss lender UBS.

As of writing, the pair is losing 0.19% at 129.02 with the next support at 128.42 (low Apr.9) followed by 127.77 (low Apr.8) and then 123.86 (low Apr.5).
On the upside, a break above 129.93 (2013 high Apr.9) would open the door to the psychological level at 130.00 and finally 130.30 (high Jan.20 2010).

Euro on autopilot as FOMC minutes loom

The single currency continues to trade in a narrow range this week, despite edging above 1.3000 after last week’s ECB decision and poor US jobs report...
Read more Previous

Forex: USD/JPY sideways trading at 99.00 level

The USD/JPY is trading sideways, entrenched at the 99.00 level Tuesday during the afternoon of European trading. With all eyes on the Fed later today, the pair seems to be quite stationary in recent minutes, having planed off at a -0.41% loss.
Read more Next
Start livechat