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Giving Us A SellTitle:
Technical analysis of the USD/JPY pair on February 28th, 2012
Commentary of the USD/JPY pair :
The test of the resistance at 81.50 led to a strong correction on the pair USD/JPY who made a pullback on the support at 80.
All indicators stay bullish.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
We continue to advise long positions as far as 80 is support.
A return above 81 will comfort our bullish feeling.
The breakout of 81.50 will give a new buy signal and open the way towards 82.
In case of return below 80, we will be neutral between this level and 79.50
The breakout of 79.50 will give a sell signal.
See the previous analysis of the USD/JPY pair of February 27th, 2012
USD/JPY Analysis
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Technical analysis of the GBP/JPY pair on February 27th, 2012
Commentary of the GBP/JPY pair :
A bullish rallye occured on the pair GPB/JPY who broke the resistances at 127 and 128, giving both a new buy signal.
129.42 stopped the movement.
Tous les indicateurs sont haussiers.
All indicators are bullish.
The pair is still moving above its bullish slant (purple line).
We continue to advise long positions as far as 127 is support.
The breakout of 129.42 will give a new buy signal and open the way towards 130.
In case of return below 127, we will wait the breakout of 125.68 to advise short positions.
The breakout of 125.68 will give a sell signal.
See the previous analysis of the GBP/JPY pair of February 24th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on February 27th, 2012
Commentary of the GBP/USD pair :
A very strong bullish movement occured on the pair GBP/USD who again got out of its neutral zone 1.5669/1.5750 from the top, giving us a buy signal.
The breakout of 1.58 then gave us a new buy signal.
Currently, the pair is testing the next resistance at 1.59.
All indicators are bullish.
We continue to advise long positions as far as 1.5750 is support.
The breakout of 1.59 will give a new buy signal and open the way towards 1.5950 and 1.60.
In case of return below 1.5750, we will be again neutral between this level and 1.5669.
The breakout of 1.5669 will give a sell signal.
See the previous analysis of the GBP/USD pair of February 24th, 2012
GBP/USD Analysis
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Technical analysis of the USD/JPY pair on February 27th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bullish rally last friday and the breakout of 80.50 and 81 both gave us a new buy signal.
Currently, the pair is testing a pullback on 81 after a test of 81.50.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
All indicators are bullish.
We continue to advise long positions as far as 80 is support.
The breakout of 81.50 will give a new buy signal and open the way towards 82.
In case of return below 80, we will be neutral between this level and 79.50
The breakout of 79.50 will give a sell signal.
See the previous analysis of the USD/JPY pair of February 24th, 2012
USD/JPY Analysis
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Housing, confidence data bolster growth outlook
(Reuters) - New U.S. home sales fell in January but upward revisions to the prior months' data and a drop in the supply of properties on the market added to signs of a budding housing recovery.
In a further boost to the economy, a separate report on Friday showed U.S. consumer confidence hit its highest point in a year this month despite a strong rise in gasoline prices.
"We are guardedly optimistic that we may be at an important turning point for both the economy and the housing sector," said Millan Mulraine, a senior macro Strategist at TD Securities in New York.
The Commerce Department said sales of new single-family homes slipped 0.9 percent last month to a seasonally adjusted 321,000-unit annual rate.
However data for October, November and December were revised to show a much ...
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Technical analysis of the USD/JPY pair on February 24th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY made yesterday a pullback on the support at 80 and then took up its bullish rallye.
The pair is currently testing the resistance at 80.50.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
All indicators are bullish.
We continue to advise long positions as far as 79.84 is support.
The breakout of 80.50 will give a new buy signal and open the way towards 81.
In case of return below 79.84, we will be neutral between this level and 79.50
The breakout of 79.50 will give a sell signal.
See the previous analysis of the USD/JPY pair of February 23th, 2012
USD/JPY Analysis
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Forex - EURUSD Shrugs Off PMI Innuendoes
Forex News and Events:
The residual risk appetite remaining from the agreement on the second Greek bailout package, slowly dissolved as the day progressed. With a lack of fresh news, the markets focused on the Eurozone PMI number that generally disappointed. The primary concern was the French and German PM,I which indicated that conditions in the Eurozone's core country had marginally deteriorated in February. Eurozone new industrial produce did come in a bit stronger than expected, but the underlying remains a bit worrying as y/y figures remain negative, while m/m had a volatile reads in Sept and Nov. and is unpredictable. Obviously, these latest reads highlight the fragility of the region and calls into question how quickly the Eurozone will be able to reverse the contraction ...
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Technical analysis of the USD/JPY pair on February 23th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues its bullish rally and broke the resistance at 80, giving us a new buy signal.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
All indicators are bullish.
We continue to advise long positions as far as 79.50 is support.
The breakout of 80.50 will give a new buy signal and open the way towards 81.
In case of return below 79.50, we will be neutral between this level and 79.
The breakout of 79 will give a sell signal.
See the previous analysis of the USD/JPY pair of February 22th, 2012
USD/JPY Analysis
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Technical analysis of the USD/JPY pair on February 22th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues its bullish rally and is currently testing the resistance at 0.80 after having taken support on its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
All indicators are bullish.
We continue to advise long positions as far as 79.37 is support.
The breakout of 80 will give a new buy signal and open the way towards 80.50
In case of return below 79.37, we will be neutral between this level and 79.
The breakout of 79 will give a sell signal.
See the previous analysis of the USD/JPY pair of February 21th, 2012
USD/JPY Analysis
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