Showing posts with label aud/jpy. Show all posts
Showing posts with label aud/jpy. Show all posts
Friday, October 1, 2010
Forex Technical Update 9/27/2010 - Consolidation in Gold May Lead to Some USD Strength
Forex Technical Update 9/27/2010
Fan Yang CMT
www.fxtimes.com
Today, the EUR/JPY and AUD/JPY continues higher towards important resistance areas. The EUR/USD is consolidating and there may be a correction decline. If there is, look for a positive reversal to develop, as the market is poised to test the 135.50 area, and possibly head towards 1.39. Looking at gold, we may have a bit of dollar strength coming up, which may delay the rally in EUR/USD. But if the consolidation in Gold is followed by continuing rally instead, the EUR/USD is also likely to continue. Let's take a look at the charts.
Thursday, September 30, 2010
Forex Technical Update 9.17.2010 - Japanese Yen after Intervention
Forex Technical Update 9.17.2010
The Japanese yen started the week mainly strengthening. Wednesday's intervention pressured the currency. As we will see, most yen-crosses are still within bearish or at most ranging context. The GBP/JPY, EUR/JPY, AUD/JPY, and CAD/JPY and USD/JPY are all ranging or bearish. The CHF/JPY pair is the only one with a bullish outlook. Therefore, the market might not respect the intervention and may want to test the pre-intervention level. Let's see what the charts say.
Fan Yang CMT
www.fxtimes.com
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