USDJPY Daily Analysis – November 17, 2014
USDJPY’s upward movement from 105.32 extended to as high as 117.05.
USDJPY’s upward movement from 105.32 extended to as high as 117.05.
EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already.
AUDUSD continued its upward movement from 0.8540, and the rise extended to as high as 0.8784.
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AUDUSD moved sideways in a trading range between 0.8540 and 0.8910.
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, and the fall extended to as low as 1.5592.
EURUSD remains in downtrend from 1.3993, the rise from 1.2357 is likely consolidation of the downtrend.
For oil traders and speculators hitting the sell button has become almost automatic, as the heavily bearish tone for the commodity shows no signs of abating just yet, with another solid move lower yesterday offering low risk trading opportunities once again.
EURUSD is testing the resistance of the downward price channel on 4-hour chart.
AUDUSD remains in uptrend from 0.8540, the fall from 0.8764 would possibly be consolidation of the uptrend.