EUR/USD Outlook: Break 1.0800 Support But Bears May Take a Breather on Oversold Conditions

EURJPY reversed from key support level 158.40 Likely to rise to resistance level 162.00 EURJPY currency pair recently reversed up from the key support level 158.40 (former resistance from last month, acting as the support after it was broken). The support level 158.40 was strengthened by the 38.2% Fibonacci correction of the previous sharp upward […]

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows Quarter-end flows could disturb the waters in a quiet week Dollar stages recovery after Fed It was an action-packed week for FX traders, with five central bank meetings injecting volatility into the market. In a surprising move, the […]

Key Highlights USD/JPY started a fresh increase above the 156.00 resistance. It broke a major contracting triangle with resistance at 156.10 on the 4-hour chart. Gold price declined heavily and moved in the red zone below $2,380. Oil prices are still struggling to recover above the $80.00 resistance. USD/JPY Technical Analysis The US Dollar formed […]