USD/JPY Support: 114.55, 113.85 Resistance: 115.25, 115.85 If the price fixes above 115.25, I will buy USD/JPY to 115.85. If the price fixes below 114.55, I will sell it to around 113.85.
The technical pattern on GBP/USD is mixed now. Indicators don’t show any precise signals. The price is between 50 mA and 200 mA. The MACD histogram started to decline and moved into the negative zone. I identified the following key levels: support: 1.2530; 1.2420 resistance: 1.2595; 1.2655 If the price fixes above the 1.2595 level, I will buy GBP/USD. Potential movement - to 1.2655. If the price fixes below 1.2530, I’ll sell it. Potential movement - to 1.2420.
The USD/JPY currency pair is testing the 114.900 local resistance level at the moment. I’m going to sell it if the price fixes below 114.60. The nearest goal for taking profit is 113.85.
My expectations regarding USD/JPY have confirmed. The yen continued to strengthen against the US currency. Trump’s immigration policy supports safe assets. I expect further growth in demand for the yen. I will sell USD/JPY, if the price fixes below 113.30. Potential movement - to 112.60. The transaction may last for a few days.
The aggressive buying was observed on the NZD/USD pair yesterday. The currency has formed the 0.7295 local resistance level. I plan to look for entry points for opening long positions. I am waiting for the breakout and retest of the 0.7295 mark. The potential for movement - to the nearest round number 0.7350.
The US dollar weakened against the "majors" yesterday. The first Fed meeting of the year will be held today. Experts assume that the rate will remain unchanged. There hardly will be strong trending movements before the decision of the US Central Bank. I highlighted the key levels for opening short-term speculative positions. Let’s do some scalping today EUR/USD Support: 1.0775, 1.0735 Resistance: 1.0810, 1.0850
USD/JPY Support: 113.15, 112.60 Resistance: 113.85, 114.40 Trump criticizes the strong dollar. How soon will the US Federal Reserve increase the rate? Or should we expect another vector of events development? Wish you all good profits!
Yesterday's Federal Reserve meeting pressed the US currency. The central bank left its monetary policy unchanged. The regulator pointed to a gradual tightening of the monetary policy. USD/CAD The technical pattern on USD/CAD indicates the development of a downward trend. I plan to sell after the breakout and retest of the 1.2980 mark. Potential movement - to 1.2950-1.2925. The transaction will be short-term speculative.
GBP/USD The important statistics on the UK economy will be published today. The Bank of England will make a decision on the key interest rate. I won’t open transactions on GBP/USD before the Central Bank meeting. I identified the following key levels and will watch how the price reacts to them. Support: 1.2655, 1.2570 Resistance: 1.2725, 1.2770
The US dollar weakened against other major currencies on Friday, February 03. This happened due to the release of controversial statistics on the labor market. EUR/USD I’m going long today. The price kept the 1.0735 key support level. I’ll buy EUR/USD in case of breakout and retest the 1.0765 local resistance. Potential movement - to 1.0810.