Investor speculation that Japan’s central bankers will permit the continued appreciation of the Japanese Yen led to that currency’s 14-year peak against the U.S. Dollar in trading in Asia.
Tag Archives: currency
AUD/JPY Elliott Wave Analysis
Although the currency pair rebound to 84.22 earlier this month, the subsequent retreat from there has retained our bearish view that top has possibly been formed at 85.30 and further consolidation below there is seen with downside bias for further fall to 78.00 but it is necessary to see a…
AUD/USD Elliott Wave Analysis
Aussie’s retreat after early marginal rise to 0.9407 suggests the wave 5 of C has possibly ended there and although the currency pair has recovered from 0.9060, as long as said resistance level holds, mild downside bias remains for another fall to 0.9060 and possibly 0.9000, however, only break of…
GBP/USD Bounces on Broad-Based Dollar Weakness
The Cable has stabilized nicely after Friday’s sizable selloff. The GBP/USD has popped back above its psychological 1.65 level and 11/12 lows as the currency pair benefits from a positive wave of EU and U.S. econ data. The set of Flash EU PMI data and U.S. Existing Home Sales came…
Euro Not Finished Yet
On the one hour Eur/Usd chart above, the market has completed a Short corrective three wave move, labeled as black waves A), triangle B), and C). The bottom of that move was found on Friday at 1.4800, where Euro was bought again against the U.S. currency. The corrections are always…