FxWirePro- GBPJPY Daily Outlook 
FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURJPY) for the day) 
FxWirePro: EUR/NZD sinks towards a sensitive level, good to sell on rally 
FxWirePro-Major pair levels and bias summary 
FxWirePro:EUR/AUD steadies around 1.6370 ahead of RBA policy meeting 
FxWirePro- Top altcoins for the day (Strength index) (FTTUSD) 
FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (GBPJPY) for the day) 
FxWirePro- EURUSD Daily Outlook 
FxWirePro-Major pair levels and bias summary 
FxWirePro- Gold Daily Outlook 
FxWirePro: GBP/NZD extends drop, faces 23.6%fib support 
FxWirePro:EUR/NZD struggle to extend its recovery,good to sell on rally 
FxWirePro: EUR/AUD heads deeper into bear territory, bears plotting path toward 1.6400 level 
FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (AUDUSD) for the day) 
FxWirePro- Top altcoins for the day (Strength index) (INJUSD) 
FxWirePro-Major pair levels and bias summary 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
FxWirePro: EUR/JPY slumps over 0.90%, US inflation data triggers yen rally across the board
Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.90% lower on the day at 136.73 at around 17:10 GMT
- The pair has paused upside at daily cloud and 55-EMA resistance
- Price action has snapped a 6-day upside and slumped lower after softer US inflation report
- GMMA indicator shows major and minor technical bias remain neutral
Data Released:
Data released by the Bureau of Labour Statistics earlier on Wednesday showed that the headline US CPI remained flat in July against the 0.2% rise anticipated.
The yearly rate decelerated to 8.5% during the reported month, also missing estimates pointing to a fall to 8.7% from the 9.1% in June.
Further, core inflation came in at 0.3% MoM and held steady at a 5.9% YoY rate vs 0.5% and 6.1% expected, respectively.
Major Support and Resistance Levels:
Support levels - 136.68 (38.2% Fib), Resistance levels - 138.34 (55-EMA)
Summary: EUR/JPY retraces from cloud base and 55-EMA resistance. Further weakness on cards. Scope for dip till 200-DMA. Bearish invalidation only above daily cloud.
Editor's Picks
- Market Data
