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CHFJPY reversed from support level 162.45 Likely to rise to resistance level 168.00 CHFJPY currency pair recently reversed up from the key support level 162.45 (which has been reversing the price from August). The support level 162.45 was strengthened by the lower daily Bollinger Band, support trendline of the daily down channel from November and […]

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09/08/2024

EURJPY Wave Analysis

EURJPY reversed from support zone Likely to rise to resistance level 162.50 EURJPY currency pair recently reversed up sharply from the support zone located between the multi-month support level 154.30 (which has been reversing the price from October) and the lower daily Bollinger Band. The upward reversal from the support zone created the daily candlesticks […]
14/05/2024

EURJPY’s Relentless Rise Continues

EURJPY in the green for the seventh consecutive trading day Bulls aim for April’s multi-year highs, but they might run out of steam soon For the past week, EURJPY has been experiencing a non-stop upward movement, currently targeting April’s bar of 169.27, which proved tough to claim despite the flash spike to a 40-year high of […]
18/09/2024

Will FOMC Cut by 25 or 50bp?

In focus today Today’s main event will be the FOMC rate decision at 20:00 CET – we expect a 25bp cut of the Fed Funds Rate target (to 5.00-5.25%). This morning markets price in a 65% probability for an even bigger 50bp rate cut. Even though the Fed will now initiate its rate cutting cycle, […]