Recent lacklustre key US economic growth-related data; ISM Manufacturing PMI & ADP Employment Change reinforced the recent bout of JPY strength. Bearish elements in the JPY crosses Index suggest further potential JPY strength in the medium-term horizon. Watch the 140.25 support on the USD/JPY. A déjà vu experience is now ripping across the foreign exchange […]
The post JPY Crosses Face Another Round of Potential Downside Pressure as NFP Looms appeared first on Action Forex.
Daily Pivots: (S1) 0.8322; (P) 0.8341; (R1) 0.8371; More… Intraday bias in EUR/GBP stays neutral for the moment and outlook remains bearish 0.8446 resistance holds. On the downside, below 0.8306 minor support will turn bias Read more…
Daily Pivots: (S1) 1.6283; (P) 1.6319; (R1) 1.6342; More… Intraday bias in EUR/AUD remains neutral as consolidations continue above 1.6161. Further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target Read more…
Daily Pivots: (S1) 161.65; (P) 163.34; (R1) 164.37; More…. Intraday bias in EUR/JPY stays on the downside despite today’s weak recovery. Prior break of 55 D EMA (now at 163.39) argues that corrective rebound from Read more…