Currency pair USD / JPY, greatly gained during the Asian session. There was a gap on Sunday at market opening. USDJPY marked opened in the area of 100.77 resistance level. This was followed by a rollback, but the gap was not filled- which is a strong bullish signal. As a result, the quotes are approaching a key resistance level JPY101,01. During the early European session, the USDJPY is trying to consolidate above 100.77 support-resistance trading around 100.90. In general, our forecast that level of 99-100 will not be taken at once - continues to come true. Bulls have chances to move market upwards, so in case of settlement above the level of 101.01, it is possible to expect continuation of the bullish movement to the next key resistance level 101,63-102,23.
During the Asian session, the pair AUD / USD, went below the key resistance level of 0.7672. Now we can state the fact that the market AUDUSD failed to consolidate above resistance 0.7672, which could result in the medium-term growth. We do exclude market will attempt to test this level again but from the point technical analysis view it is preferable to look for consolidation. The nearest support levels at 0.7540-0.7580
New Zealand Dollar:
As a result of a sharp decline in the pair NZD / USD, during the Asian session, the bears were able to break through and gained a foothold below the rising trend line, then, we can expect the continuation of the bearish movement and the testing of the key support level of 0.7053.
Read the full review on our site:
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications