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The USD/JPY pair hasn’t been able to violate the symmetric triangle pattern so far as it’s providing solid resistance at 106.300 and support at 106 level. The U.S. CPI figures may help to drive some price action during the New York session. Checkout the USD/JPY price forecast to learn more about the trade setup.
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EUR/JPY tests support as yen gains on safe-haven demand Key Moments
EUR/JPY trades near 183.85 in early European dealings while holding above its 100-day EMA around 181.70.
Rising Middle East tensions support safe-haven demand for the Japanese Yen, weighing on the cross.
Key […]
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GBP/USD Pullback Fails to Break Bullish Structure Key Moments
GBP/USD traded around 1.3430 during European hours on Tuesday, marking a fourth straight session of weakness while staying within an ascending channel.
The pair remained above both the nine-day EMA at 1.3426 and the […]
Gold trading outlook: futures hold ground above $1 200, bearish sentiment persists Gold remained above the psychological barrier of $1 200 in European trading on Tuesday after profit taking pressured the dollar on Monday, allowing the precious metal to regain some lost ground. However, bearish sentiment continued to dominate […]
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EUR/USD Downtrend Deepens Below Key Averages Key Moments
EUR/USD trades around 1.1660 and has fallen for three consecutive sessions after slipping below an ascending channel.
The pair remains capped beneath the 50-day EMA at 1.1678 and the nine-day EMA at 1.1700, with the […]