Category Archives: Forex News

Forex: USD/JPY jumps up to reach 94.75, intra-day high

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Forex: USD/JPY jumps up to reach 94.75, intra-day highFITITOL–>FXstreet.com (Barcelona) – USD/JPY has risen around 45 pips in the last hour from 94.20 to reach intra-day high at 94.75. After reaching 93.85, 2-month low, in the early Asian session and trading in a small range between 94.00/30 in the Asian and European session, the USD/JPY has jumped up in the early American session to reach today’s high.

Currently the pair is trading around 94.60/70, 0.80% above today’s opening price.

Valeria Bednarik, FXstreet.com collaborator, comments: “Pair seems to be forming a floor in the hourly chart, consolidating between 93.85 and 94.30. Now attempting to break above 20 SMA at 94.15, pair needs to break range to confirm further bias. Hourly indicators suggest upside continuations as the pair seems to not have enough sellers at actual levels. Bigger time frames also suggest pair is exhausted to the downside, daily close could be key for the pair. Support levels: 93.83 93.48 93.10. Resistance levels: 94.30 94.60 95.10.”
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Forex: EUR/USD: Euro eases from 1.4030 high

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Forex: EUR/USD: Euro eases from 1.4030 highFITITOL–>FXstreet.com (Barcelona) – The Euro has been rallying continuously for the whole week and from 1.3425 low on Monday EUR/USD has reached a 4 month high at 1.4030 ahead of Friday’s U.S. session opening, to pull back afterwards to levels right below 1.4000.

Resistance levels lie at intra-day high at 1.4030 and above here, 1.4055 (January high) and 1.4145, (Dec 31 high). On the downside, immediate support level remains at the 13925/40 area, and below there, today’s low at 1.3895 and 1.3865.

According to Valeria Bednarik, collaborator at FXstreet.com, affirms that, despite signs advancing a correction lower, the Euro bullish trend is strong enough: “Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935.”
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Forex: EUR/USD tests today’s high

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Forex: EUR/USD tests today’s highFITITOL–>Fxstreet.com (Barcelona) – After rejecting from 1.4030, fresh 4-month high, to fall to 1.3975, EUR/USD has begun to rise above the 1.4000 field and it is testing today’s high. Currently the pair is trading around 1.4005/15 after reaching 1.4025.

The Euro has been rallying continuously for the whole week and from 1.3425 low on Monday EUR/USD has reached a 4 month high at 1.4030 ahead of Friday’s U.S. session opening.

According to Valeria Bednarik, collaborator at FXstreet.com, affirms that, despite signs advancing a correction lower, the Euro bullish trend is strong enough: “Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935.”

For more information, read our latest forex news.

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Forex: USD/JPY jumps up to reach 94.75, intra-day high

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Forex: USD/JPY jumps up to reach 94.75, intra-day highFITITOL–>FXstreet.com (Barcelona) – USD/JPY has risen around 45 pips in the last hour from 94.20 to reach intra-day high at 94.75. After reaching 93.85, 2-month low, in the early Asian session and trading in a small range between 94.00/30 in the Asian and European session, the USD/JPY has jumped up in the early American session to reach today’s high.

Currently the pair is trading around 94.60/70, 0.80% above today’s opening price.

Valeria Bednarik, FXstreet.com collaborator, comments: “Pair seems to be forming a floor in the hourly chart, consolidating between 93.85 and 94.30. Now attempting to break above 20 SMA at 94.15, pair needs to break range to confirm further bias. Hourly indicators suggest upside continuations as the pair seems to not have enough sellers at actual levels. Bigger time frames also suggest pair is exhausted to the downside, daily close could be key for the pair. Support levels: 93.83 93.48 93.10. Resistance levels: 94.30 94.60 95.10.”
For more information, read our latest forex news.

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Forex: GBP/USD rises 5.0% so far this week, back above 1.5900

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Forex: GBP/USD rises 5.0% so far this week, back above 1.5900FITITOL–>Fxstreet.com (Barcelona) – After reaching 6-month high at 1.5945 and rejecting to levels around 1.5850, Cable has risen to take place above 1.5900 again. The pair has risen around 75 pips from 1.5850 to 1.5925, Currently Cable is trading around 1.5915/25, 0.20% above today’s opening price.

GBP/USD is trading its fifth consecutive positive day after trading in Monday low at 1.5115 to win 850 pips to reach fresh 6-month high at 1.5945. The current week the Sterling is gaining almost 5.0% against Greenback from 1.5170 Monday opening to the current 1.5910.

Valeria Bednarik, FXstreet.com collaborator, Uptrend in cable could be focusing in 1.60 zone: “Bullish momentum continues slowly addressing to the key 1.60 zone. Hourly indicators suggest more upside bias in the pair, while price remains well bid above 20 SMA. Expected acceleration above 1.5950. Support levels: 1.5890 1.5840 1. 5770. Resistance levels: 1.5950 1.6000 1.6030.”

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