USD/JPY extends decline, faces Nov low

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD fails to overcome weekly PP “The market consensus is becoming less and less bullish on further ECB action. The other thing is the Fed. Expectations have scaled up a little bit in terms of the number of potential rate hikes for 2016.” - SEB AB (based on Bloomberg) Pair’s Outlook EUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday. However, the bulls were strong enough in order to avoid a decline under this

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