USD/JPY Jumps Post-Fed: Can The Rally Sustain?

United States: Back-up in Mortgage Rates a Setback for Housing The residential sector was in focus this week. The late summer dip in mortgage rates led to an upside surprise in existing home sales. Recent hurricanes weighed on housing starts in October. An upturn in the NAHB HMI shows builders are not put off by […]

Key Highlights USD/JPY started another increase and cleared the 152.50 resistance. A key bullish trend line is forming with support at 152.70 on the 4-hour chart. EUR/USD and GBP/USD gained bearish momentum. Gold prices surged further above the $2,380 level. USD/JPY Technical Analysis The US Dollar remained well-bid above the 150.00 level against the Japanese […]

EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day. Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming on daily chart. However, completion of pattern requires violation of pivotal Fibo support at 0.8532 (38.2% of 0.8362/0.8624) […]