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USD/JPY: Market reassesses Friday's data

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD's bears to face monthly R2 “Markets are looking to Yellen’s testimony this week to see whether she will still leave an option open for a March rate increase or sound dovish.” - Sumitomo Mitsui Trust Bank (based on Bloomberg) Pair’s Outlook Last Friday was the first bearish day for EUR/USD in six consecutive trading sessions. After touching the third monthly resistance at 1.1246, the pair has immediately bounced back to close slightly above 1.1150. On Monday the

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