USD/JPY Technical Overview & Daily Chart

The pair has recently experienced some shock due to the tensions in the US.

Technical Analysis
15 août 2017
USD/JPY Technical Overview & Daily Chart

Today we would focus our discussion on the USD/JPY currency pair.

In light of last week’s event where tensions rose between North Korea and the United States, the dollar lost positions against major currencies. On the other hand, the yen, which is considered by investors to be a safe-haven trading instrument, strengthened against several currencies.

Still, all around we are seeing the yen ease on the previous gains it made against other currencies. After it broke the bearish resistance of the channel, the pair moved into a bullish corrective wave. The general market expectation is that the pair will remain bullish at least for today. Right now the USD/JPY has rebounded from the sell area and we can start selling it if it reaches the nearby resistance level at 110.14. It is possible for the pair to drop back down to the support at 108.75.

The USD/JPY is showing a pivot point at the level of 110.37. We could see the pair retreat to support levels at 110.27 and 110.19 if it moves below the pivot. However, right now it is still trading around and a little bit above it. All major technical indicators agree on a strong buy signal.

SuperForex
GBP/NZD Technical Outlook & Daily Chart

Technical Analysis

GBP/NZD Technical Outlook & Daily Chart

We're waiting for the neckline breaking for the rally of the price.

SuperForex
15 août 2017
GBP/AUD Technical Outlook & H4 Chart

Technical Analysis

GBP/AUD Technical Outlook & H4 Chart

The bears are back this week to make new lows.

SuperForex
14 août 2017
The US vs. North Korea

Technical Analysis

The US vs. North Korea

The markets are shaken amid the rising tensions between the United States and North Korea.

SuperForex
11 août 2017