Technical Analysis Report - USD/JPY
17/08/2016 // 06:59:33 am
The Japanese Yen continued to gain position in the market and trust of the buyers as the US dollar is weakening.
The currency pair USD / JPY is close to the strategic level of JPY100 and the pair is expected to have a downhill momentum
The pair is believed to be oversold and a psychological level of JPY99.90-JPY100 will continue to restrict the downward movement. We may find a bounce back before falling further.
The pair turned to correction and moved to region JPY100.42 JPY100.77 where we can expect the resumption of sales.
We are watchful about quick passage of JPY100-99.90 level.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks