Posts Tagged ‘09.07’
EUR/USD Classical 09.07
Author: Germina Lake
EUR/USD Classical 09.07
The latest rally has been well capped ahead of key short-term resistance by 1.2925, with the market now looking like it is poised for a bearish resumption back towards 1.2585 over the coming sessions.
Read more on Daily FX via Yahoo! Finance
Posted in 
Tags: 
USD/JPY Classical 09.07
Author: Germina Lake
USD/JPY Classical 09.07
USD/JPY: While the market trades below the 20-Day SMAs on a close basis, the downtrend remains intact and deeper setbacks below 83.60 can not be ruled out. A close above the 20-Day SMA will be required at a minimum to offer some form of relief to downside pressures. The market has not closed above the 20-Day SMA since mid-June when the pair was trading over 90.00. A break below 83.60 will open a …
Read more on Daily FX via Yahoo! Finance