Past 3 weeks highs have been as follows:
Week of January 7th: 144.42
Week of January 17th:…Continue
Last week EUR/USD had lost some momentum but had been still inching upward. The currency pair has been mainly staying over 5-day EMA. The sharp downward spike on November 29th found support near 22-day EMA (1.2880). The pair went as high as 1.3027 before closing for the week at 1.2985.
EUR/USD could not break below 200-day moving average support mentioned. The currency pair went as low as 1.2661 but jumped up to 1.2802 and after finding resistance below 22-day EMA, dropped by 112 …Continue
Our overall near-term outlook for AUDJPY remains bearish but the loss of momentum during past 3 trading days indicate some possibilities of some extended sideways move and even some upward consolidation before another fall takes place.
On the upside we expect resistance near May 24th’s high of 79.18.…