USDJPY Daily Analysis – March 30, 2015
USDJPY’s downward movement from 1.2202 extended to as low as 118.33.
USDJPY’s downward movement from 1.2202 extended to as low as 118.33.
The EURUSD pair went back and forth during the course of the session on Friday, as we continue to hang about the 1.09 level.
The AUDUSD pair broke down during the course of the session on Friday, clearing the bottom of the shooting star that had formed on Thursday.
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462
After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that the pair remains
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162.
Market focus this morning returns to the more mundane, namely the BOE inflation report and press conference with Gov Mark Carney, and it will be interesting to see whether Cable can continue to build on its recent platform of support in the 1.5 region.
EURUSD is in consolidation of the downtrend from 1.2569 (Dec 16, 2014 high). Range trading between 1.1097 and 1.1650 is possible over the next several days.
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle.