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GBPUSD: Hesitates But Still Retains Broader Upside
The pair may have run into bears and closed marginally higher on Wednesday but it continues to maintain its upside bias. As long as it holds above the 1.6172/77 level, its broader upside view remains valid. This will leave the pair targeting the 1.6308 level where a violation will call for a run at the 1.6350 level.
Mohammed Isah | Dec 20 | FX Tech Strategy
Yen extends decline ahead of BoJ
The rewards for those short of Yen continued to flow overnight with further weakness noted against the greenback and Euro
Chris Gore | Dec 20 | GoMarkets
FOREX Technical Analysis: USDOLLAR Bears Thwarted on 3rd Attempt at Lows
FOREXAnalysis: "The USDOLLAR has spent the month trading sideways. With this in mind, it's possible that a triangle began in December. In that event, the December range would tighten for at least another week before the index breaks below 9917 probably tests 9866.
Jamie Saettele | Dec 20 | DailyFX
USDJPY: Strengthens, Resumes Medium Term Uptrend
The pair has resumed its medium term uptrend after ending its corrective recovery. This leaves the pair targeting further upside towards the 84.50 level. Above here will bring further upside offensive towards the 85.00 level and then the 85.80 level, its weekly ema. Its daily RSI is bullish and pointing higher supporting this view.
Mohammed Isah | Dec 19 | FX Tech Strategy
GO Markets FX Analysis | Euro finds new reason to rally; Aussie and Kiwi consolidate
Euro finds new reason to rally | Japan's Abe puts BOJ on notice | Aussie dollar edges lower
Chris Gore | Dec 19 | GoMarkets
Forex: Euro Getting Overbought- Pound To Benefit From BoE Minutes
The Euro rallied to a fresh monthly high of 1.3188 as Spain sold EUR 3.52B in short-term debt, with the six-months bills yielding 1.6309% versus the 1.669% offered last month, but the ongoing threat for contagion may produce further headwinds for the single currency as the periphery countries struggle to get their house in order.
David Song | Dec 19 | DailyFX
USD/JPY, EUR/JPY Drifting Higher after Filling the Opening Gaps
Drift: Very much like the USD/JPY, the EUR/JPY is also drifting higher after filling the opening gap noted in the previous update. At this point, a break below 108.60 is a sign of consolidation/correction. However, bullish continuation has the 2012-high of 111.42 in sight in the very short-term. There is a lot of room above that to run, as the 200-week SMA resides at 115.
Fan Yang | Dec 19 | FX Times
EUR/GBP Trying to Hang on to its Bullish Momentum
Bullish trend: Since breaking above a falling channel on 12/11, the EUR/GBP has been in a bullish trend for a week or so. The 1H chart shows a rising trendline support holding up price action. The RSI has been tagging 70 and holding above 40, reflecting bullish momentum.
Fan Yang | Dec 19 | FX Times
EURUSD: Bullish, Maintains Above Broken Support
The pair is seen reversing its Monday losses, suggesting it could recapture its psycho level at 1.3200 level. A cut through here will create scope for more strength towards the 1.3282 level, its may 01'2012 high. Further out, resistance resides at the 1.3350 level. Its daily RSI is bullish and pointing higher supporting this view.
Mohammed Isah | Dec 19 | FX Tech Strategy
Forex: Euro Struggles Ahead Of Draghi- Sterling To Rally On U.K. CPI
The Euro is struggling to hold its ground on Monday as the Bundesbank warns of a 'perceptible decline in economic activity,' and the deepening recession in Europe continues to cast a bearish outlook for the single currency as the European Central Bank (ECB) looks to carry its easing cycle into the following year.
David Song | Dec 18 | DailyFX
USD/JPY Makes New 2012-High then Fills Opening Gap
Opening gap: The standard US MT4 chart shows a gap in many of the Japanese yen pairs. Looking at the USD/JPY there was a relatively large gap to start the week, pushing price above not only last Friday's (12/14) high, but also above the previous 2012-high. However price action retreated during the 12/17 Asian session, essentially filling up that opening gap.
Fan Yang | Dec 18 | FX Times
EURUSD: Rallies, Looks To Extend Upside Gains
With EUR overcoming the 1.3125 level on the back of its strong rally the past week, further upside offensive is likely in the new week. The immediate target resides at the 1.3171 level with a breach of here resuming its broader uptrend towards the 1.3282 level and possibly higher towards the 1.3350 level.
Mohammed Isah | Dec 17 | FX Tech Strategy
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