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Tag Archives: #technical_analysis

FxWirePro: Japanese Yen hits fresh 8-month low in early Asia after boj’s monetary policy meeting minutes

Japanese Yen hits fresh 8-month low in early Asia after boj’s monetary policy meeting minutes   USD/JPY is currently trading around 114.64 marks. It made intraday high at 114.73 and low at 114.00 levels. Intraday bias remains bullish till the time pair holds key support at 114.00 marks. A daily …

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FxWirePro: GBP/CAD consolidates 200-dma breakout, minor weakness likely on break below 5-dma at 1.6917

GBP/CAD consolidates 200-dma breakout, minor weakness likely on break below 5-dma at 1.6917   GBP/CAD consolidates 200-DMA breakout shown last week, bias still higher.   The pair finds stiff resistance at 1.70 levels (trendline), break above will see further upside.   Momentum studies are bullish. Weekly charts also support bias …

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