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Bearish Movement Will BeTitle:
Technical analysis of the GBP/JPY pair on April 11th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued its bearish movement and 128 acted as support.
All indicators are bearish.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 128 will give a new sell signal and open the way towards 127.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a buy signal.
See the previous analysis of the GBP/JPY pair of April 10th, 2012
GBP/JPY Analysis
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JPY Receives a Boost amid Increase in Risk Aversion
The Japanese yen saw gains virtually across the board during yesterday's trading session, as risk aversion continued to dominate market sentiment. Investor fears regarding a euro-zone recession and poor US fundamentals drove the JPY to a one-month high vs. both the EUR and USD. Turning to today, a lack of significant news means that riskier currencies like the euro and Australian dollar could extend their bearish trends. Traders will want to watch out for any exaggerated price shifts due to low liquidity in the marketplace.
Economic News
USD - USD Takes Losses across the Board
The US dollar fell vs. its main currency rivals throughout the European session yesterday, as investors continued to worry about the possibility that the Fed will initiate a new round of quantitative easing in the ...
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Technical analysis of the NZD/USD pair on April 11th, 2012
Commentary of the NZD/USD pair :
A bearish movement occured on the pair NZD/USD who got out of the range 0.82/0.8250 from the bottom, giving us a sell signal.
Then, the pair has rebounded on the support at 0.87135 and is currently making a pullback on the resistance at 0.8180.
The pair is still moving into its bearish channel (purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 0.82 is resistance.
The breakout of 0.8135 will give a new sell signal and open the way towards 0.8080.
In case of return above 0.82, we will be neutral between this level and 0.8250.
See the previous analysis of the NZD/USD pair of April 10th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on April 11th, 2012
Commentary of the USD/CAD pair :
A strong bullish movement occured yesterday on the pair USD/CAD who got out of its short term bearish channel (purple lines) and also broke the resistance at 1.0020, giving us a new buy signal.
All indicators are bullish.
We continue to advise long positions as far as 0.9990 is support.
The breakout of 1.0050 will give a new buy signal and open the way towards 1.01.
In case of return below 0.9990, we will be neutral between this level and 0.9960.
The breakout of 0.9960 will give a sell signal.
See the previous analysis of the USD/CAD pair of April 10th, 2012
USD/CAD Analysis
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Technical analysis of the USD/JPY pair on April 11th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continues its bearish movement and the breakout of 81 gave us a new sell signal.
The pair is currently testing the lower band of its bearish channel (black lines).
All indicators are bearish.
We continue to advise short positions as far as 81.83 is resistance.
The breakout of 80.50 will give a new sell signal and open the way towards 80.
In case of return above 81.83, we will be neutral between this level and 82.50.
The breakout of 82.50 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 10th, 2012
USD/JPY Analysis
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Technical analysis of the EUR/CHF pair on April 10th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues its bearish movement towards the support at 1.20 very slowly.
All indicators are bearish.
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of April 9th, 2012
EUR/CHF Analysis
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Risk Aversion Continues to Start Off Week
Safe haven currencies, in particular the Japanese yen, started off the week on a bullish note as investors continued to digest last week's disappointing US Non-Farm Payrolls figure. The US added just 120K jobs last month, significantly below the forecasted 207K. Today, traders will want to note the results of the Japanese Overnight Call Rate and the Bank of Japan (BOJ) Press Conference. Any indication that the BOJ will intervene in the markets to limit yen growth could result in the currency reversing some of its earlier gains.
Economic News
USD - Jobs Data Continues to Weigh Down USD
The dollar extended its bearish trend against the Japanese yen during yesterday's session, as a disappointing US jobs report released last week continues to weigh down on the greenback. The worse than ...
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Technical analysis of the GBP/JPY pair on April 10th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY made a pullback yesterday on the resistance at 130.15 and then took up its bearish movement.
All indicators are bearish.
We continue to advise short positions as far as 130.68 is resistance.
The breakout of 128.44 will give a new sell signal and open the way towards 127.50.
In case of return above 130.68, we will be neutral between this level and 131.50.
The breakout of 131.50 will give a buy signal.
See the previous analysis of the GBP/JPY pair of April 9th, 2012
GBP/JPY Analysis
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Technical analysis of the USD/JPY pair on April 10th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY made a pullback on the resistance at 81.83 and then took up its bearish movement.
The pair is still moving into its bearish channel (purple line).
All indicators are bearish.
We continue to advise short positions as far as 82.21 is resistance.
The breakout of 81 will give a new sell signal and open the way towards 80.50.
In case of return above 82.21, we will be neutral between this level and 82.50.
The breakout of 82.50 will give a new buy signal.
See the previous analysis of the USD/JPY pair of April 9th, 2012
USD/JPY Analysis
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