Sabtu, 07 April 2018

Rabu, 06 November 2013

Rabu, 30 Maret 2011

Visual of yen crosses pushing higher early Asia

Yen crosses pushing higher early Asia

The Japanese Yen continues to find sellers even before the open in Tokyo, suggesting there is still notable interest to flock out of the currency. USD/JPY is currently testing its prior's day high above 83.10, EUR/JPY extended further up to 117.50, while AUD/JPY is up at 85.75.

Sterling's rebound

Sterling's rebound from 1.5935/40 support level extended above range top at 1.6045, to be rejected at 1.6085 area, and give away gains ahead of the US session opening pulling back to levels right above 1.6000.

On the downside, the pair might find support at 1.5980/00 (intra.day levels), and below here, 1.5935/40 (Mar 28/29 low) and 1.5820/30 (Jan 30/31 lows). On the upside, resistance levels are 1.6085/00 (intra-day level), 1.6140 (Mar 25 high) and 1.6215 (Mar 23 low/intra-day resistance).

The pair is struggling at key 1.6000 area, which, according to the Kshitij Consultancy Services Team, will determine Pound's direction: "The immediate outlook remains mixed. There is Support in 1.6015-00 region and if it holds we might see a break and upmove above 1.6065 towards 1.6125-50 in the coming sessions. On the other hand a break below 1.6000 might pull it down towards 1.5930/00."