{"id":3182,"date":"2009-08-03T12:33:06","date_gmt":"2009-08-03T17:33:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=3182"},"modified":"2009-08-03T12:33:06","modified_gmt":"2009-08-03T17:33:06","slug":"usdjpy-balances-at-95-after-huge-gains-in-the-gbpusd-eurusd-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/08\/03\/usdjpy-balances-at-95-after-huge-gains-in-the-gbpusd-eurusd-gold\/","title":{"rendered":"USD\/JPY Balances at 95 after Huge Gains in the GBP\/USD, EUR\/USD, Gold"},"content":{"rendered":"

By Fast Brokers<\/strong> – The USD\/JPY has waded back above the psychological 95 level, looking to react positively to the inflection point of our 1st tier uptrend and 2nd tier downtrend lines.\u00a0 The EUR\/USD, GBP\/USD, and gold are registering huge technical gains today after better than expected manufacturing data.\u00a0 The USD\/JPY is unwillingly participating to the upside since the currency pair is ultimately positively correlated to a global economic recovery.\u00a0 While the USD\/JPY hasn\u2019t registered nearly as significant of a movement as its correlations, the USD\/JPY could show a delayed reaction should the markets continue to qualify a legitimate recovery.\u00a0 Therefore, the USD\/JPY will likely sit tight until we see how the S&P futures handle their highly psychological 1000 level.\u00a0 Should the S&P confirm a 1000+ future, the USD\/JPY would likely join the party to the upside at this point.<\/p>\n

Meanwhile, the USD\/JPY will likely remain tethered to its highly psychological 95 level for the immediate-term.\u00a0 The USD\/JPY\u2019s near-term resistances are 95, July 31 highs, and our 3rd tier downtrend line.\u00a0 The currency pair will fight to stay above our 1st tier trend line in the meantime and solidify a solid base it can build from.\u00a0 Investors will be digesting a large amount of data and central bank meetings over the next few sessions, meaning we don\u2019t expect FX volatility to abate anytime soon.<\/p>\n

Present Price: 95.27<\/p>\n

Resistances: 95.41, 95.73, 96.33, 96.77, 96.96<\/p>\n

Supports:\u00a0 94.99, 94.49, 93.82, 93.28, 92.90<\/p>\n

Psychological: 95<\/p>\n

\"\"<\/a><\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers<\/strong><\/span><\/a>.<\/p>\n

Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n

Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Fast Brokers – The USD\/JPY has waded back above the psychological 95 level, looking to react positively to the inflection point of our 1st tier uptrend and 2nd tier downtrend lines.\u00a0 The EUR\/USD, GBP\/USD, and gold are registering huge technical gains today after better than expected manufacturing data.\u00a0 The USD\/JPY is unwillingly participating to … <\/p>\n

Continue reading “USD\/JPY Balances at 95 after Huge Gains in the GBP\/USD, EUR\/USD, Gold”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3182","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=3182"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=3182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=3182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=3182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}