USDJPY extends to a new session high and in the process tests a target area

2024-02-05

A stronger USD to start the trading week sends the EURUSD and GBPUSD breaking. The USDJPY tests the high for the year and corrects, but is heading back higher.

2024-02-02

The 200 hour MA and the 100 bar MA on the 4-hour chart being tested. A break opens the upside.

2024-02-01

In this week’s Market Outlook with exness, we dive into the world of currency exchange and explore the intriguing dynamics of the pound to Japanese yen. With the Bank of England’s next meeting just around the corner, could we see a major shift?

How has Japan’s inflation rate played into the mix, and what does the GBP to yen chart whisper about what’s to come? Plus, with market volatility peaking during pivotal financial updates, is now the time to pay close attention to these currencies?

Join us as we analyze the signs and speculate on the future of GBP to JPY. Don’t miss out on the insights that could shape your trading strategy.

Trading is risky.

2024-01-31

A swing area in the AUDUSD between 0.6612 to 0.6624 stalled the rise.

2024-01-30

The EURUSD attempted to break above its 200-day and 100-hour moving averages but failed to maintain the momentum. The next targets for downside movement are the swing area between 1.08083 and 1.0824, followed by the 50% retracement level at 1.07936.

2024-01-29

The USD is making new highs vs a number of currencies including the EUR, GBP, CHF. The AUD which was the strongest of the major currencies at the start of the US session, is retracing a good chunk of it’s gains as well. The gains come despite yields in the US which remain lower on the day with the 10 year down over 5 basis points.