EURUSD, USDJPY Forex Technical Analysis (Daily)

EURUSD, USDJPY Forex Technical Analysis (Daily)

EURUSD, USDJPY Forex Technical Analysis (Daily)



Current mark – 1.1085

EURUSD: Current pullback after 1.1120 peak should be considered corrective, preceding another rise towards 1.1190 resistance area.

Key support lies at 1.1030-40.

Resistance Support
intraday intraweek intraday intraweek
1.1120 1.1190 1.1030 1.0910
1.1190 1.1415 1.0960 1.0820


Japanese Yen

Current mark- 103.86

The sell-off reached a new local low at 102.70 and the bias is still negative, with a crucial high at 105.50

Resistance Support
intraday intraweek intraday intraweek
104.00 107.90 102.70 102.70
105.50 111.00 101.48 100.00


The Bank of Japan’s (BOJ) most anticipated policy announcement in years left investors underwhelmed, sparking a surge in the JPY and sending Japanese government bonds to their biggest retreat since Y 2013.

Japan’s currency jumped 1.9% Vs the USD after the BOJ kept its government-bond buying target and policy interest rate unchanged, opting instead to increase ETF (exchange-traded fund) purchases.

Stay tuned…


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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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