USDJPY Forecast April 2, 2014, Technical Analysis
The USDJPY pair rose during the session on Tuesday, shooting straight up in the air.
The USDJPY pair rose during the session on Tuesday, shooting straight up in the air.
AUDUSD remains in uptrend from 0.8995, the fall from 0.9294 could be treated as consolidation of the uptrend.
Gold (GLD, quote) continues to remain weak with yesterday’s close of 1284.50. In early trading the spot price of gold is basically flat.Â
According to reports on Bloomberg the  FBI has open an investigation into high frequency trading over information abuse. Â
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EURUSD’s downward movement from 1.3966 extended to as low as 1.3705.
AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294.
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame.
The USD/JPY pair fell during the bulk of the session on Wednesday, but as you can see found enough support in order to turn things back around and bounce above the 102 level.
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