The USDJPY continues to deliver a masterclass in patience for longer term traders, with the long term consolidation phase continuing once again last week, as the pair closed with a narrow spread down candle on the weekly chart, ending the futures trading session at 101.30.
EURUSD’s downward movement from 1.3700 extended to as low as 1.3490.
AUDUSD failed to break below 0.9328 support, indicating that lengthier sideways movement in a range between 1.9328 and 1.9455 is underway.
Happy Friday Everyday This week we saw a nice swing up in the beginning of the week and then downward on global tension in Israel and concerns over the tragedy of the downed plane in the Ukraine. Our prayers and thoughts are with those families effected by this horrible tragedy.
The EURUSD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive.
GBPUSD fell during the session on Thursday, testing the 1.71 level.
The AUDUSD pair tried to rally during the course of the session on Thursday, but as you can see pulled back to form a shooting star.
The AUDUSD as you can see fell during the session on Tuesday, only to turn back around and form a hammer.
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
