Roberto Jacobs / Blog
GBP/JPY Breaks Major Resistance on BoJ News, Targets 160/162.57 Major resistance – 158.10 (trend line joining 162.57 and 158.37) Major support- 156.45 (7 day EMA) GBP/JPY has regained today morning after making a low of 156.51 yesterday. It is trading around 157.80...
Technical Analysis of EUR/USD for April 22, 2016 When the European market opens, some economic news will be released such as the Italian Retail Sales m/m, Flash Manufacturing PMI, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash...
Technical Analysis of USD/JPY for April 22, 2016 In Asia, Japan will release the Tertiary Industry Activity m/m, Flash Manufacturing PMI and the US will release some economic data such as the Flash Manufacturing PMI...
Daily Analysis of USDX for April 22, 2016 The H1 chart picture is showing a strong rebound from the support level of 94.08, where the bulls are pushing the USDX higher to above the 200 SMA. The overall picture is still in a bearish tone and a pullback can possibly happen to reach new lows...
Daily Analysis of GBP/USD for April 22, 2016 GBP/USD had a volatile session yesterday but it's still showing a sideways structure below the resistance zone of 1.4401, which remains very solid to the upside. Currently, a breakout higher will open the door to a possible advance toward the 1...
Daily Analysis of Major Pairs for April 22, 2016 EUR/USD: This market went bearish on Thursday – just in the opposite direction to the USD/CHF which moved upwards that day. The bearish movement on the EUR/USD was not that significant...
AUD/USD Finding Some Support Near 0.7730 Level In tandem with the reversal in other major currencies, the AUD/USD pair too dropped sharply to 0.7732, giving-up over 100-pips from day's high of 0.7834...
EUR/GBP Extends the Drop to 0.7860 EUR/GBP is accelerating the recent breakdown of the key support at 0.7900 the figure, now hovering over fresh lows near 0.7860. EUR/GBP attention to PMIs The European cross is extending its leg lower after the rejection from April’s fresh cycle highs near 0...
GBP/USD Could Re-Test the Mid-1.4200s – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, believes the pair could re-visit the area of 1.4250 in the near term. Key Quotes “GBP/USD has been rejected by the six month downtrend line at 1...