Japanese Yen Technical Analysis: USD/JPY Pauses For Breath
The US Dollar is clearly taking a rest after a solid run higher against the Japanese currency. However, what it does next will be fascinating.
The US Dollar is clearly taking a rest after a solid run higher against the Japanese currency. However, what it does next will be fascinating.
The combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
Precious metals are poised to drop further before finding support; gold near 1250 has confluence of support which should be of interest to silver traders as well.
The Australian Dollar is attempting to a recover against its US counterpart after testing range floor support limiting downside momentum since mid-July.
Cable is trying to put together a bounce off the August highs, but a failure to ‘keep it together’ could result in short-term implied volatility driving higher as the sell-off deepens.