Japanese Yen Technical Analysis: USD/JPY Rediscovers Its Uptrend
The Japanese Yen fought back a little against the US Dollar last week, but USD/JPY seems to have retained the upper hand as 2017 heads for the finish line
The Japanese Yen fought back a little against the US Dollar last week, but USD/JPY seems to have retained the upper hand as 2017 heads for the finish line
The Euro may be preparing another push higher toward the middle of the range confining moves against the British Pound since late September.
The current US 500 price trend may soon reverse lower despite the fact traders remain net-short.
A reading of proprietary IG Client Sentiment data shows traders have once again sold into Euro strength versus the US Dollar. We view this as a contrarian signal for further gains.
Precious metals are lifting off their worst levels in months, but face stiff tests of resistance; it will take a good amount of work to turn the charts back bullish.