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Technical Analysis Of The Usd/jpyTitle:
Technical analysis of the USD/JPY pair on March 28th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has again tested yesterday the resistance at 83.20 and then made a correction.
The price is now going to test the support at 82.50.
The pair is still moving above its bullish slant (purple line) and another more older (black line).
Indicators are mitigated.
We continue to advise long positions as far as 82.50 is support.
A return above 83.20 will comfort our bullish feeling.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 28th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 28/03/2012
Dukascopy Fundamental Analysis
EUR
Magyar Nemzeti Bank may keep its benchmark interest rate unchanged at 7% for a third straight month, analysts said on Tuesday. The central bank is likely to stick to highest interest rate in European Union due to a delay in receiving IMF loan. The Forint strengthened 0.3% versus Euro to HUF 290.
USD
US February core durable goods orders reading was in line with the forecast at 1.6%, after a sharp fall of 3.0% in January. Durable goods orders rose by 2.2% last month, underperforming versus the forecast of 3.0%.
GBP
British FTSE 100 declined on Wednesday as data showed the revised British GDP in the 4th quarter declined 0.3% compared to previous estimate of 0.2%. Banks and miners drove the index lower with Barclays PLC and Lloyds Banking Group PLC each ...
Title:
Dukascopy Morning Forex Overview : 28/03/2012
Dukascopy Technical Analysis
EUR/USD
"The euro area’s debt crisis is “almost over"
- Italian Prime Minister Mario Moni (based on Bloomberg)
The pair is attempting to advance further and it is likely to test the 7-month high at 1.3457.
EUR/JPY
"The yen move is driven by supply and demand before the final exchange-rate fixing of the fiscal year. I think we’ll start to see some rise in demand to buy JPY"
- Mizuho Corporate Bank Ltd. (based on Bloomberg)
EUR/JPY is holding bullish impetus while recovering from the 20-day average at 108.97.
GBP/USD
"Tesing that level is very much on the cards, but having said that, front-end sterling rates are pushing lower this morning and this could be having a bearing on the currency"
- Lloyds TSB (based on Reuters)
GBP/USD has successfully tested the ...
Title:
Technical analysis of the USD/JPY pair on March 28th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 83.20 and a small correction occured.
The pair is still moving above its bullish slant (purple line) and another more older (black line).
Indicators are mitigated.
We continue to advise long positions as far as 82.50 is support.
A return above 83.20 will comfort our bullish feeling.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 27th, 2012
USD/JPY Analysis
Title:
Dukascopy Afternnon Forex Overview : 27/03/2012
Dukascopy Fundamental Analysis
EUR
BMW AG, German car maker will recall 120,246 cars in China due to the difficulties with the automobile's batteries, nation's quality control agency reported on Tuesday. The recollection of the Coupe, BMW 6 Series Convertible, BMW 6 Series and BMW 5 Series, vehicles produced between year 2003 and 2010 will begin in May 10. An installation problem of the batteries can create safety risks, quality control agency claimed.
USD
US businesses project slower pace of revenue growth in China in 2012 amid rising operation costs and worries over global stagnation, according to survey of American Chamber of Commerce. About 43% of the firms surveyed expect increase in sales to approach 11% this year as compared to a 15% increase in 2011. The major contributors to ...
Title:
Dukascopy Morning Forex Overview : 27/03/2012
Dukascopy Technical Analysis
EUR/USD
"If buying of Treasurys gains steam and bond yields fall in the wake of Monday's Bernanke's comments, the dollar could face more pressure against currencies such as the euro"
- Societe Generale (based on CNBC)
Even though the pair is trading slightly above the 1.3291/1.3325 area, it is expected to move southwards in the nearest future as the EU debt risks have not been swept away completely.
EUR/JPY
"The Fed’s stance to support the economic recovery through policy easing and adding liquidity to the market is helping boost sentiment"
- Shinkin Asset Management Co. (based on Bloomberg)
EUR/JPY rallied above the 110 level and eased the risks of bearish reversal.
GBP/USD
"This is more of a dollar move than a sterling move. It feels like the market was ...
Title:
Technical analysis of the USD/JPY pair on March 27th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY is still moving above 82.50 but has tested this level twice.
We have modified our bullish slant (purple line) to take into accounts new lows.
Indicators are mitigated.
The pair is still moving above a former bullish slant (black line).
We continue to advise long positions as far as 82.50 is support.
A return above 83.20 will comfort our bullish feeling.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 26th, 2012
USD/JPY Analysis
Title:
Dukascopy Morning Forex Overview : 26/03/2012
Dukascopy Technical Analysis
EUR/USD
"Whereas in the past the dollar would tend to fall as risk appetite was rising, the dollar is now benefiting from pro-risk developments, as U.S. economic data has generally bested expectations recently"
- Bank of the West (based on CNBC)
Even though EUR/USD continues to hover just below 1.3291/1.3325, it is expected to move southwards in the nearest future. The initial support is at 1.3140, followed by 1.3130 (55 day sma) and 1.3004.
EUR/JPY
"It's possible to see euro pick up slightly as people work out the implications of the bailout package and better economic statistics Sentiment toward Europe is slowly improving"
- St. George Bank Ltd. (based on Bloomberg)
EUR/JPY is currently in a phase of a bearish correction, which may last until 105.65 is ...
Title:
Technical analysis of the USD/JPY pair on March 26th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to test the support at 82.50 but broke one of its bullish slant (purple line).
All indicators are bearish.
The pair is still moving above a former bullish slant (black line).
We continue to advise long positions as far as 82.50 is support.
A return above 83.20 will comfort our bullish feeling.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 23th, 2012
USD/JPY Analysis
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