OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/JPY recovers the mark of 88.60/61

FXstreet.com (Barcelona) - The recent comments out of Japan ahead of the BoJ meeting next week has clearly driven the USD/JPY this week, as it has fluctuated wildly on quotes from senior officials. After suffering a cataclysmic decline yesterday, the pair recovered strength during overnight trading and now resides firmly in positive territory at 88.60/61, up a steadfast +0.25% Thursday.

“The USD/JPY’s attempt to the upside yesterday remained limited below the linear regression indicators as supported by our data. The pair is still trading outside the ascending channel breaking its key support level, therefore we expect a new bearish attempt today, and stability below the 88.20 level will support this outlook as the stochastic is showing negative signals supporting our expectations.” notes the ICN.com analyst team.

After rising through calculated resistance at 88.20 and 88.50, the ICN.com analysts suggest that a breach of the 88.80 level will trigger further means of resistive correction at 89.00 (key level) onto 89.30. Conversely, the pair is slated to face support at the 87.90 region, followed down to 87.45, and 87.15.

Forex: USD/CHF soars on falling Swissy

The USD/CHF rallied to 0.9355 as the Swissy gets offered strongly in early European time. The EUR/CHF soared to 1.2425, which gave extra strength to the USD/CHF market, jumping from around 0.9310 to 0.9355 high.
Read more Previous

Forex: NZD/USD testing the 0.8400 level

After bottoming out at the 0.8381 (session low) during overnight trading, the NZD/USD has pared the majority of losses as the pair attempts to recover strength following an early stumble Thursday. In recent moments the cross has regained the 0.8400 level and is currently testing this region, shackled by a -0.10% drop still during European trading.
Read more Next
Start livechat