USDJPY: Retains Its Broader Downside Bias

Friday, September 3rd, 2010

USDJPY: The pair continues to retain its broader downside bias as it looks to recapture its YTD low at 83.58 despite its price hesitation. A breach of there will open the door for more downside towards the 82.00 level, its psycho level with a cut through there aiming at the 81.00 level.

Read more here:
USDJPY: Retains Its Broader Downside Bias

USDJPY: A Return To The 83.58 Level Shapes Up

Tuesday, August 31st, 2010

As bear pressure saw the pair tumbling off the 85.89 level on Monday to close lower and a follow-through lower in early trading today occurring, threats are now seen towards its YTD low at 83.58. A breach of there will open the door for more downside towards the 82.00 level,

Read more here:
USDJPY: A Return To The 83.58 Level Shapes Up

EURUSD: Rolling Over With Eyes On The 1.3600 Level

Thursday, February 4th, 2010

As a clearance of its two key supports at its YTD/July’09 lows at 1.3851/31 and the 1.3747/33 levels, its Jun 16’09 low/.50 retracement (1.2328-1.5143 rally) have been achieved, further downside weakness now targets its psycho level at 1.3600. A follow-through lower on its Thursday weakness continues to be seen pushing…

Read more here: 
EURUSD: Rolling Over With Eyes On The 1.3600 Level