Mar 12, 2015 08:57 am UTC| Technicals
USD/JPY technical outlook stays bullish Stops clustered above the 122.04 area Weighed by latest dip below 121.31 pivot point in the short-term 5/10 year UST/JGB yield spreads correlation with spot...
Mar 12, 2015 08:54 am UTC| Technicals
EUR/USD breaks back above 1.0600 led by real money buying Recovery comes from new extreme (1.0494 in Asia) and in capped liquidity Traders: one-way positioned, adding panicked squeeze Recovery still risks...
USD/JPY is in Consolidation phase, waiting for new confirmation signals
Mar 12, 2015 07:11 am UTC| Technicals
RES 4: 128.33- 161.8% projection of 115.55 to 121.80 from 118.22 RES 3: 125.66 - 161.8% retracement of 121.80 and 115.55 RES 2: 124.13 - Jun 2007 High RES 1: 122.20 - Jan 2007 highPRICE: 121.30 @ 6:57GMT SUP 1:...
EUR/GBP off lows, sell into rebounds
Mar 12, 2015 06:44 am UTC| Technicals
Cross consolidates yesterdays drop to fresh 7-1/2 year lows at 0.7015 intraday Downtrend continues Offer lowered to 0.7100, ahead of Weds 0.7106 high Overall target is the long-term fibo at 0.6654 (76.4%...
EUR/USD sees long-term fibo at 1.0072 as a realistic target
Mar 12, 2015 06:41 am UTC| Technicals
The long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 looks realistic 1.0494 is new 12 year low from Asia today Support levels thin on charts Short again on corrective upticks Pairs offer...
Nikkei closes ahead of 19k, weak correlation of USD/JPY
Mar 12, 2015 06:31 am UTC| Technicals
Unlike yesterday, the Nikkei-USD/JPY correlation weaker today. Nikkei supports but rise only made up for the fall in US yields. Nikkei closes day at 18,991.11, up 267.59 pts or 1.43% on day. High of...
USD/JPY falls back as long trim holdings
Mar 12, 2015 06:20 am UTC| Technicals
USD/JPY off as Tokyo trading falls, little upside follow-through. Intra-day longs have positions, Japanese bids narrow. USD/JPY low so far 121.30 after reaching early 121.39 low, high...