
Nov 27, 2024 09:31 am UTC| Technicals
EUR/JPYpared most of its gains due to the strong yen. It hit a low of 159.22 at the time o writing and is now trading around 159.46. The intraday outlook is bearishas long as the resistance 163 holds. Today, the...

FxWirePro- Sell GBPJPY on rallies
Nov 27, 2024 07:22 am UTC| Technicals
FxWirePro- Sell GBPJPY on rallies The GBP/JPY currency pairlost its shine on the strong yen. At the time of writing, it hit a low of 191.21 and is currently trading around 191.27.The Potential Reversal Zone (PRZ) is set...

FxWirePro: USD/JPY downside pressure builds, key support level in focus
Nov 27, 2024 06:40 am UTC| Technicals
USD/JPY dipped on Wednesday as Japanese yen strengthened on bets Bank of Japan may raise interest rates in December. A key indicator of Japans service-sector inflation remained close to 3% in October, according to data...

FxWirePro: AUD/ USD neutral in the near-term, scope for downward resumption
Nov 27, 2024 06:13 am UTC| Technicals
AUD/ USD was little changed on Wednesday after data showed Australias inflation remained flat at 2.1% . Australias consumer price inflation rate remained at a three-year low in October, as government rebates helped...

FxWirePro: USDCNY positions for another climb, eyes 7.300 level
Nov 27, 2024 05:38 am UTC| Technicals
USD/CNY steadied near four month high on Wednesday as investors weighed the potential impact of new U.S. tariffs. Trump announced that upon taking office in January, he would implement a 25% tariff on all products...

FxWirePro: GBP/AUD under pressure , knocking on door of key support rally
Nov 27, 2024 00:03 am UTC| Technicals
GBP/AUD eased from 1.9450 level on Tuesday as ongoing geopolitical risks and concerns that President-elect Donald Trumps proposed tariffs weighed on sentiment. Officials from Mexico, Canada, and China warned that...