USDJPY remains within a narrow range just below psychological 150 barrier, which was cracked earlier this month, but continues to offer solid resistance. Near-term direction is clouded by mixed signals, as daily studies are in bullish configuration, but overbought and looming intervention keeps traders cautious. Long tails of candlesticks of past two days point to […]
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In focus today In Sweden, flash CPI figures are set for release, with a decline expected due to the VAT reduction on food from 12% to 6%. CPIF excluding energy is forecast to fall to Read more…
Daily Pivots: (S1) 212.85; (P) 213.46; (R1) 214.39; More… GBP/JPY fell sharply after rejection by 55 4H EMA but stays above 210.43. Intraday bias remains neutral first. Further decline is expected as long as 214.21 Read more…
Daily Pivots: (S1) 183.92; (P) 184.35; (R1) 185.04; More… EUR/JPY’s breach of 182.28 suggests that consolidation from there has completed at 185.02, and fall from 187.93 is resuming. Intraday bias is back on the downside Read more…