Daily Pivots: (S1) 181.10; (P) 181.71; (R1) 182.20; More… Intraday bias in GBP/JPY remains neutral for the moment, and some more consolidations could be seen above 180.78. But further decline is expected as long as 183.34 resistance holds. Break of 180.78 will resume the fall from 186.75 to 176.29 support next. In the bigger picture, […]
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The yen is almost unchanged on Monday. In the European session, USD/JPY is trading at 156.37, up 0.06% on the day. We can expect a quiet day, as the US observes Martin Luther King Day Read more…
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USDJPY, Daily In the Daily timeframe, USDJPY has formed a rising wedge pattern. The price bounced off the lower trend line and MA50. The Stochastic is out of oversold range and indicates a possible upside. Read more…