Back

Forex: USD/JPY testing the 96.00 barrier

FXstreet.com (Barcelona) - The USD/JPY has stumbled slightly Friday, bottoming out at 95.88 region during overnight trading as the pair lost its handle on the 96.00 region. However, in recent minutes the pair has pared some of its losses to once again test this barrier. At this juncture the cross is now incurring a modest loss of -0.09% during European trading.

According to Slobodan Drvenica, an analyst at Windsor Brokers Ltd., “There maintains a neutral tone on near-term studies, which sees further sideways movements likely, while overall bulls are still in play, keeping the focus at the next upside target at 97.00.”

Drvenica calculates the next supports at the 95.67 level, followed by 95.43, and finally the 95.00 barrier. On the upside, a break higher towards the 96.26 resistance will activate additional means of correction at 96.54 and the 96.70 region.

Forex Flash: AUD/USD up move is corrective only – Commerzbank

The AUD/USD has to close above the 55 day ma at 1.0383 to extend its journey higher. “We suspect that the up move is corrective only and we note the TD perfected set up which suggests that the up move should be limited now”, wrote analyst Karen Jones, seeing scope for further strength to 1.0414, possibly the high from the end of January at 1.0475, where would again expect failure.
Baca selengkapnya Previous

Forex Flash: USD/CNY holds bearish bias ahead - BTMU

Bank of Tokyo Mitsubishi UFJ analysts are bearish USD/CNY and see spot moving between a range of 6.2075 and 6.2275 ahead.
Baca selengkapnya Next