USD JPY Overview

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX Interest in risk continues to increase, as we still do not hear from the Fed representatives about the real risk of raising rates and reviewing the scope of the quantitative easing program. As a result, the US stock indices resumed ...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The quotes of the US dollar index returned to the technical support level of 90.50, however, the activity of sellers remains very weak. The bearish scenario, which takes into account the decline to 90.00 and further to 89.60, rema...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The number of initial and repeated applications for unemployment benefits in the United States continues to decline, thereby indicating a recovery in the labor market. But the US dollar index reacted cautiously to this release, as...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   There are more and more claims that aggressive stimulus of the US economy may end up overheating, thereby increasing the likelihood of a Fed rate hike. Let me remind you of 2008-2009, when the stock market reached its peak and the...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   On the intraday time interval H1, we observe the formation of a reversal model of the graphical analysis of the double bottom at the psychological and at the same time technical support level of 90.00. Therefore, there is a risk o...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The target at 90.00 has already been reached. I draw your attention to the fact that the noted psychological level of support is a strong technical level, which has repeatedly kept sellers from developing a more powerful wave of d...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   On Thursday the data on the change in GDP growth rate for the first quarter as well as the change in the number of initial and repeated applications for unemployment benefits in the USA were published. The actual data was better t...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The US Federal Reserve left the key interest rate unchanged, as well as the volume of bond purchases at the same level. Let me remind that the consensus forecast of specialized experts pointed to extremely low probability of change ...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX USDX trading activity remains weak, which may be due to the expectation of the results of the vote on the main interest rate of the US Federal Reserve, as well as the following press conference. Let me remind you that the probabilit...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The economic calendar does not contain important macroeconomic releases, so we should not expect a significant increase in trading yet. Of course, attention should be paid to the forthcoming release of consumer confidence indicato...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The US dollar index is stuck in the accumulation zone 91.00–91.30. Pay attention to the attempts of the index quotes to go beyond the marked price range, but there are no fixations outside of it. All of this indicates market uncerta...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The US dollar index is stuck in the accumulation zone of 91.00–91.30. Pay attention to the attempts of the index quotes to go beyond the marked price range, but there are no fixes outside it. All this indicates the uncertainty of th...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX Given the inability of buyers to fix above the technically strong resistance level of 91.30, the risk of development of a more powerful downward wave remains elevated. At the time of writing this review, the USDX quotes were holding...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX Despite the ability of buyers to return above the psychological level of 91.00, their activity remains weak. Thus, bearish scenario is still in the priority. The nearest resistance level is 91.30, break and fixation above which will...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX   The US dollar continues to lose ground amid the Fed's willingness to keep rates at record lows for a long time. In addition, the volume of asset purchases (QE) remains high along with the record pace of financial incentives for bu...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX By the opening of the European trading session, USDX quotes were still held above the level of 91.50, while only their fixation above 91.80 will cancel the bearish scenario. But at the same time, it is important to keep in mind the ...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX The volatility of USDX trading has significantly decreased, while I will draw attention to the weakness of sellers near the 91.50 mark. Nevertheless, the target of 91.30 is still relevant and will be achieved if there are no new bull...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX As the USDX quotes fell to the support level of 91.50, the activity of sellers significantly decreased. At the same time, there is still a risk of a further decline in quotes to a more significant support of 91.30. The local resista...

Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs Forecast of EUR/USD, GBP/USD, USD/JPY and USDX currency pairs USDX Pay attention to the compression of USDX quotes to the accumulation zone of 92.00–92.15. The price chart shows that all the highs are lower than the previous one – this in...

USD correctional growth Market Watch review. 11.01.2021 In today's release, we’ll cover the following topics: US dollar renews highs.  Steady growth of US stock indices.  Oil market correction.  The current week started with another wave of growth of the US dollar, which is largely due to the weaken...

France is ready to close the country Market Watch review. 28.10.2020 In today's release, we’ll cover the following topics: France is ready to close the country. Increased demand for safe haven currencies. Canada to report on main interest rate. US oil reserves. Today we’ll start with some very unple...

The first one is GBPJPY, which is giving us a super strong long-term sell signal. The pair has already broken all major supports and now is testing the closest one as a resistance. First contact was bearish, but it seems that we will have another test soon. A double top at such an important level c....

If it was all about gold, the time to end the correction would be right now. XAUUSD is creating a hammer candlestick on the upwards trend line and the horizontal support at 1,324 USD/oz. This is a very good place to start another bullish wave on this precious metal. EURUSD could take a bit longer. ....

Sell below 111.42. Stop loss at 111.73. Take profit at 110.61. Reason for the trading strategy (technically): Price is testing major resistance at 111.42 (Fibonacci retracement, bearish bar harmonic formation) and we expect to see a strong reaction off this level to push price down towards 110.94 be...

Ahead of the CPI data from the US, we have two sell signals attached to the US dollar. The first one is direct; a sell signal on the USDJPY, while the second one is indirect; a buy signal for gold (driven mostly by the weaker USD). Yesterday, USDJPY broke a super important support at 108.3 and toda....

The last few days on the USD have brought us a rather boring sideways trend. These kinds of movements have one advantage; they should eventually come to an end, bringing us some directional movements and, at the same time, some proper trading signals. EURUSD is locked inside of a symmetrical triang....

Gold breaks the mid-term upwards trend line but the downswing stops at 1,324 USD/oz. There is a chance of a bigger reversal but the price first needs to break this support. If that happens, the next target will be around 1,300 USD/oz. USDJPY created a trend reversal pattern; a head and shoulders fo....

USDJPY broke an important support at 110.8 and is now testing it as the closest resistance. First contact with this area from the bottom is good for sellers as the price created a shooting star on the H4 chart. As long as we stay below the orange area, the sentiment is negative. Although the CADJPY....

Wednesday is Fed day and all investors are waiting for the rate decision, statement and economic projections from the FOMC. Ahead of this, at the beginning of the European session, the DAX is looking firm. The price bounced nicely from the 13,080 support with a bullish candle with a long tail. Curr....

Stocks have completed their mid-term bearish correction. The DAX defended the 12,900 support and broke the mid-term downwards trend line. This has led us to the local resistance at 13,170. Given the current sentiment, this level should be eventually broken and the price should aim at recent long-te....