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JPY Daily Review August 7, 2018

JPY Daily Review for August 7, 2018

Sorting Which Contrarian Readings are Tradeable Among EURUSD, USDJPY, Gold and More

We discuss the two types of general market approach for traders, as well as technicals and fundamentals against Dollar pairs.

 

GBP/JPY bumping into 144.00 as Brexit drags the Pound down

The GBP/JPY pair is trading into the 144.00 major technical level as the Sterling falls against the wider market. Brexit concerns are back to the top

 

EUR/JPY Technical Analysis: Rally remains elusive despite bull RSI divergence

Hourly chart Spot Rate: 128.68 Daily High: 128.73 Daily Low: 128.59 Trend: Neutral Resistance R1:129.13 (5-day moving average) R2: 129.29 (50

 

USD/JPY: bulls on a knife’s edge, balancing on vulnerable trend line support

USD/JPY is currently trading at 111.34 and is looking to stabilise on the 111 handle this Tokyo session, fending off the pressures from the 111.50’s a

 

USD/JPY: Sentiment Prompts a Bearish Bias as Support is Tested

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

 

EUR/JPY rises above 129.00 as the yen tumbles on higher US yields

The EUR/JPY pair broke to the upside during the American session on the back of a weak Japanese yen. It printed a fresh 2-day high at 129.20. Near the

 

USD/JPY rebounds from 111.00 but still faces pressure

The USD/JPY pair bottomed earlier today at 110.97, the lowest level in a week and then bounced to the upside, following the beginning of the US…

 

Have a nice trading!




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