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  1. USDJPY is in consolidation of uptrend

    by , 01-16-2013 at 09:37 PM (Free Forex Market Analysis)
    USDJPY broke below the lower line of the price channel on 4-hour chart, and is now in consolidation of the uptrend from 82.11. Range trading between 86.82 and 89.67 would likely be seen in a couple of days. Key support is at 86.82, as long as this level holds, the uptrend could be expected to resume, and another rise towards 95.00 is still possible. On the downside, a breakdown below 86.82 will indicate that the uptrend had completed at 89.67 already, then the following downward movement could bring price back to 84.00 zone.

    Daily Forex Analysis
  2. EUR/USD Jan 16 – Dips Below 1.33 After Juncker Remarks

    by , 01-16-2013 at 08:20 AM
    [COLOR=#444444][FONT=Arial][B][URL=""]EUR/USD[/URL] lost ground after Jean-Claude Juncker, head of the Euro group of finance ministers, said that the euro was too high. The pair has now dropped below the 1.33 line. In the US, retail sales numbers were strong, but manufacturing data disappointed. It is another busy day, with a host of releases out of Europe and the US, as both release important inflation data. In Italy, the country’s Trade Surplus dropped, but still came in well above expectations. Today’s key release is US Core CPI.[/B][/FONT][/COLOR]
    [COLOR=#444444][FONT=Arial][B]EUR/USD Technical[/B][/FONT][/COLOR]

    [LIST][*]Asian session: Euro/dollar ...
  3. USDJPY breaks below channel support

    by , 01-15-2013 at 10:44 PM (Free Forex Market Analysis)
    USDJPY breaks below the lower line of the price channel on 4-hour chart, suggesting that a cycle top has been formed on 4-hour chart. Deeper decline would likely be seen and next target would be at 87.50 area. However, the fall from 89.67 would possibly be consolidation of the uptrend from 82.11, as long as 86.82 key support holds, the uptrend could be expected to resume, and another rise towards 95.00 is still possible.

    Daily Forex Forecast
  4. EUR/USD Forecast 15 Jan 13

    by , 01-15-2013 at 11:08 AM
    [B]Simultaneous Release at [URL=""]Learn Forex Trading[/URL] and read exclusive [URL=""]EUR/USD Forecast[/URL] and [URL=""]AUD/USD Forecast[/URL] Reviews. [/B]

    Good day forex traders.

    Welcome to a quick update on the EUR/USD currency pair. We recently noted the bullish nature of the currency pair but as mentioned we must be cautious of the upper resistance of 1.34. An observation of past records show that this region often had an impact on price action.

    [I]EUR/USD Chart[/I]

    Looking at the 4 hourly chart of the EUR/USD above, we note an increasing bearish pressure on the currency pair. If ...
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