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USDJPY is sitting on a must-hold level for buyers.
I mentioned this trend line on January 11th.
It extends from the November 2018 high and connects with the April 2019 high as well as several highs last December.Continue Reading
I discussed the EURJPY in Saturday’s Forex forecast video.
The key takeaway from that analysis was the ascending channel that extends from the 2019 low that developed last September.
It’s the same channel I pointed out on January 6th.Continue Reading
The EURUSD is holding above key support ahead of Thursday’s ECB decision.
The confluence of support at 1.1075 is the same one we’ve discussed since December 27th of last year.
It’s also the area that needs to break down in order for the EURUSD to regain its bearish momentum.Continue Reading
Can the CADJPY reach the top of a channel that has been in place for two years?
Or will the pair reverse before ever reaching that channel top?
Watch the video in this post to see my thoughts.
Be sure to also scroll down for more commentary and an annotated chart.Continue Reading
The AUDJPY, like other yen crosses, has been consolidating for several weeks.
We have also seen a short-term uptrend develop since the August 2019 low.
This upward movement is overshadowed by a downtrend that has been in place since early 2018.Continue Reading