Japanese Yen Technical Analysis: Range Top Looks Tough For Bulls
The Japanese Yen has weakened once more against the US Dollar but the broader technical trading range doesn’t appear to be under much threat
The Japanese Yen has weakened once more against the US Dollar but the broader technical trading range doesn’t appear to be under much threat
The New Zealand Dollar looks vulnerable to deeper losses against its US counterpart after breaking below Augusts’ swing bottom to hit a two-year low.
Multiple warnings hint the Singapore Dollar could gain some ground against its US counterpart next. Meanwhile, Malaysian Ringgit and Philippine Peso prices could keep depreciating.
The AUDUSD price chart suggests more weakness for the pair as it continues to play its role as a proxy for the US-China trade dispute.
EUR/JPY has worked into a good deal of digestion of recent, and near-term direction appears to be lacking. Tomorrow’s ECB rate decision could soon change that fact.
Given the extent of the recent decline and price action the FTSE looks poised to take back some of its losses in the days ahead.
The British Pound has continued to shake as driven by Brexit-headlines; and the bullish bias that’s shown over the past week has continued to hold higher-low support. Can a deeper breakdown in the US Dollar turn this flicker of strength in GBP/USD into something more?