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JPY Daily Review August 7, 2017

JPY Daily Review for August 7, 2017

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Shift from bullish to NEUTRAL: Immediate bias is for a probe lower towards 1.1680.The sharp decline in EUR took out the stop-loss for our bearish view at 1.1770 last Friday and this signals that the bullish phase that started on 19 Jul has ended. The immediate pressure has clearly shifted to the downside even though it is too early to expe

 

US Dollar Remains a Sell versus Japanese Yen

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading

 

Euro, Yen and USD: Top Three FX Themes for This Week

This week’s calendar is rather quiet after an active past couple of weeks, and the U.S. Dollar is holding on to higher-low support after the

 

USD/JPY and AUD/USD Forecast August 8, 2017

The US dollar did almost nothing against the Japanese yen during the day on Monday, testing the 111 level, but struggling a bit to overcome that barrier. Ult…

 

Have a nice trading!




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