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Daily Market Analysis 20|04|2021: EURJPY

Instrument: EURJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 130.716 with take profit at 130.848. Bearish Preference: Sell position is envisaged if price trades below 130.488 with take profit at 130.356 Fundamentals:No major fundamental.  Comment:  The persistent sell-off in the greenback gave extra strength to the The increased buying pressure around the Japanese yen …

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Daily Market Analysis 09|04|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 109.642 with take profit at 109.742 Bearish Preference: Sell position is envisaged if price trades below 109.136 with take profit at 109.006. Fundamentals:1:30 pm USD  Core PPI m/m              USD  PPI m/m3:00 pm USD  Final Wholesale Inventories m/m Comment: The dollar was up …

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Daily Market Analysis 22|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: A buy is envisaged if the price trades above 108.962 with take profit at 109.030 Bearish Preference: A Sell is envisaged if price trades below 108.582 with take profit at 108.433 Fundamentals:2:00pm USD Fed Chair Powell Speaks Comment: The dollar pushed higher in early European trading Monday, with the Turkish lira particularly hard …

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Daily Market Analysis 15|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.216 with take profit at 109.320. Bearish Preference: Sell position is envisaged if price trades below 109.039 with take profit at 108.930. Fundamentals:No major fundamental Comment: The Dollar/Yen closed higher on Friday as a spike in U.S. Treasury yields widened the spread against Japanese Government …

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Daily Market Analysis 12|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.247 with take profit at 109.401. Bearish Preference: Sell position is envisaged if price trades below 108.809 with take profit at 108.703. Fundamentals:No major economic data Comment: The dollar was up on Friday morning in Asia but remained near a one-week low as calmer bond …

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Daily Market Analysis 08|03|2021: GBPJPY

Instrument: GBPJPY Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 150.369 with take profit at 150.546. Bearish Preference: Sell position is envisaged if price trades below 149.978 with take profit at 149.770. Fundamentals:No major fundamental Comment: The UK’s reopening and rapid vaccination campaign are helping sterling hold up.Another factor supporting sterling comes from the Bank of England, …

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Daily Market Analysis 05|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 108.351 with take profit at 108.530. Bearish Preference: Sell position is envisaged if price trades below 107.938 with take profit at 107.722. Fundamentals:2.30PM – USD    Non-Farm Employment Change          USD Average Hourly Earnings m/m          USD  Unemployment Rate Comment: The …

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Daily Market Analysis 04|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy is envisage if price trades above 107.190 with take profit at 107.330. Bearish Preference: Sell is envisaged if price trades below 107.037 with take profit at 106.880. Fundamentals:6:05PM – Fed Chair Powell Speaks Comment: The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during …

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Daily Market Analysis 02|03|2021: USDJPY

Instrument: USDJPY Technical Analysis Bearish Preference: A Sell position is envisaged if price trades below 106.710 with a take profit before 106.538. Bullish Preference: A Buy position  is envisaged if price trades above price 107.099  with take profit before price 107.287. Fundamentals:7:00pm    USD     FOMC Member Brainard Speaks8:00pm    USD     FOMC Member Daly Speak  Comment: Currency markets have …

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Daily Market Analysis 26|02|2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 106.252 with take profit at 106.361. Bearish Preference: Sell position is envisaged if price trades below 105.968 with take profit at 105.831. Fundamentals:USD: Core PCE Price Index m/m (2:30pm)G20 Meeting (All Day)  Comment: The dollar was up on Friday morning in Asia, holding onto gains …

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