Roberto Jacobs / Blog
Technical Analysis of GBP/JPY for May 02, 2016 GBP/JPY is expected to trade with bearish bias. The pair still remains under pressure below its key resistance at 157.15. Meanwhile the relative strength index lacks strong upward momentum. As long as 157...
NZD/JPY Breaks But Hangs on Major Support at 74.143, more Bearish Scope Upto 72.883 The pair rallied upto 74.699 after testing supports at 74.143 levels. But during later stage of last week prices have dropped below DMAs after testing stiff resistance at 76...
FxWirePro: EUR/GBP Holds Above Daily Cloud After Gap up Open, Good to Go Long With a Target 0.7925 EUR/GBP has broken range trade along trendline support. Price action has edged above the daily cloud. The pair opened with a gap-up after surging past 0...
Silver Trades Well Above Major Resistance, Targets $18.45/$19 Major resistance- $17.75 (May 15th 2015) Silver has broken major resistance at $17.75 and jumped till $17.94 from that level. It is currently trading around $17.80. Short term trend is bullish as long as support $17...
USD/JPY: Solid Support from Buying on Dips – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that there is a solid support for USD/JPY from buying on dips and only slight upside constraint is from the hedging...
Japan Warned by US Against Currency Devaluation - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the US Treasury’s semi-annual currency report to Congress has just named Japan (along with Taiwan, South Korea, China, and Germany) as countries it is publicly warn...
JPY: Japan is Back in a Mess - SocGen Research Team at Societe Generale, notes that it’s the softness of the Japanese data which stands out. Key Quotes “Global growth is back close to trend (better in China’s...
USD/CHF Upside Capped by 0.9787/0.9834 So Far – Commerzbank According to Senior Technical Analyst at Commerzbank Axel Rudolph, further gains in spot could face a strong hurdle in the 0.9787/0.9834 band. Key Quotes “USD/CHF slipped below the April 19 low at...
JPY Strength Likely to Continue – Danske Bank Chief Analyst at Danske Bank Jakob Christensen sees the Japanese currency gathering further traction in the next periods. Key Quotes “The broad USD weakened further following the FOMC decision mid-last week...