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USD/JPY on the edge of breaking the up-trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD in limbo between weekly PP and S1 “The dollar deserves to surge at least once more this cycle. A USD peak will come but not at the first Fed hike and maybe not until mid/late 2016.” - JPMorgan Chase (based on Bloomberg) Pair’s Outlook Ignoring fundamentals from both Euro area and US, the most traded FX cross decided to have some rest for one more day on Tuesday. Even despite relatively high trading volume, EUR/USD's movements are muted and we observe little changes

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