Thursday, November 20, 2014

The USD/JPY reaches the 119.00 zone

The Yen keeps losing ground versus the Dollar and we can see that the USD/JPY has reached the 119.00 and it could head towards the 120.00 level if during next week the fundamentals out of the United States come out better than expected. However, at the moment the pair has retraced approximately 100 pips and it is visiting the 118.00 level. From this area the pair may try to bounce to the upside and if there are no important fundamentals that affects it, the pair may stay consolidated between the 118 and the 119 levels.


at

8 comments:

Subscribe to: Post Comments (Atom)

WTI oil at the 200 day EMA

WTI oil breaks below the 66.27 support zone and accelerates its bearish momentum towards the 200 day EMA around the 64.30 level. We have b...

  • The USD/CAD in consolidation mode
    The USD/CAD gets tangled between the 21 day EMA and the 55 day EMA, also between the 1.2800 and the 1.3000. From this point the pair may go...
  • Gold continues consolidating
    The price of gold is still consolidating as shown on the daily chart between the 1281 as support and the 1304 as resistance. At the 1304 lev...
  • Pullback to a key level on the EUR/USD
    The EUR/USD has been very volatile lately, but it has not taken a clear a direction. The pair has been consolidating between the 1.2300 leve...