USDJPY resistance test
The US dollar is turning higher against the Japanese yen currency after the pair bounced from support and moved above the 111.50 level. Technical analysis shows that the USDJPY pair is now working inside a large rising price channel across various time frames A confirmed breakout above the price channel should increase buying pressure towards the 113.00 level.
The USDJPY pair is only bearish while OctaFX के अक्सर पूछे जाने वाले प्रश्न trading below the 110.00 level, key support is found at the 108.90 and 107.50 levels.
The USDJPY pair is only bullish while trading OctaFX के अक्सर पूछे जाने वाले प्रश्न above the 110.00 level, key resistance is found at the 112.20 and 113.00 levels.
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GBP/USD remains heavily offered below 1.3700 mark, one-month lows
The GBP/USD pair dropped to near one-month lows, around the 1.3665 region in the last hour, albeit recovered few pips thereafter. The pair was last seen trading just below the 1.3700 mark, still down over 0.40% for the day.
Following the previous day's modest bounce, the GBP/USD pair came under some fresh selling pressure on Thursday and prolonged its recent decline from the vicinity of the key 1.4000 psychological mark. A combination of factors pushed the US dollar to the highest level since November 2020, which, in turn, was seen as a key factor that dragged the GBP/USD pair lower.
Investors remain worried that the fast-spreading Delta variant of the coronavirus could derail the global economic recovery. This was evident from a sea of red across the equity markets. Apart from this, expectations that the Fed will begin tapering its asset purchases later this year forced OctaFX के अक्सर पूछे जाने वाले प्रश्न investors to take refuge in the traditional safe-haven USD.
On the other hand, the British pound was weighed down by concerns that job losses in the UK will rise after the furlough scheme ends in September. Apart from this, Wednesday's softer UK consumer inflation figures now seemed to have dashed hopes for a rate hike from the Bank of England in the near term. This was seen as another factor that undermined the sterling.
Given that the overnight attempted recovery faltered near the very important 200-day SMA, the ongoing downfall could further be attributed to some follow-through technical selling. A subsequent break and acceptance below the 1.3700 mark might have already set the stage for further losses for the GBP/USD pair, though oversold RSI on hourly charts warrants some caution.
Market participants now look forward to the US economic docket, featuring the releases of the Philly Fed Manufacturing Index and Initial Weekly Jobless Claims. The data, along with the broader market risk sentiment, might influence the USD price dynamics later during the early North American session. This, in turn, might provide some trading impetus to the GBP/USD pair.
OctaFX के अक्सर पूछे जाने वाले प्रश्न
ट्रेडिंग शुरू करने के तीन आसान चरण
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OctaFX ट्रेडिंग एप एकाउंट्स
ट्रेडिंग शुरू करने के तीन आसान चरण
यूरोप में दो सबसे महत्वपूर्ण अर्थव्यवस्थाओं की क्रॉस जोड़ी। इनकी एक दूसरे पर निर्भरता इस जोड़ी को अपेक्षाकृत कम-अस्थिर बनाती है। आख़िरी बार जब EURGBP में एक बहुत बड़ी उथल-पुथल देखी गयी थी, वह थी 2016 के ब्रेक्सिट वोट के दौरान: GBP काफ़ी नीचे गिर गया था। आप इस जोड़ी में ख़ासकर तभी निवेश करना चाहेंगे, यदि आप एक महत्वपूर्ण बदलाव की अपेक्षा रखते हैं, और यह भी कि ये दोनों अर्थव्यवस्थाएं एक दूसरे के सामने खुद को किस प्रकार अवस्थित करती हैं।
NZD/USD inching higher above 0.7800
FXstreet.com (Barcelona) - The NZD/USD foreign exchange rate is last trading near session session highs at 0.7830 following lower NZ ANZ business confidence than previous lecture, coming out at 48.1 vs 52.8 previous.
NZD/USD on an overall downtrend
According to Chris Tevere, CMT at FOREX.com: “Kiwi is currently approaching long-term channel support drawn from the November 2011 low around 0.7700/20. Should the recent flight-to-safety due to the events in Syria continue, we could see NZDUSD break below this highlighted level of support. Importantly, weekly RSI still remains below the key 60/65 zone, which is indicative of an overall downtrend.”
NZD/USD key technical levels
Immediate support to the downside for OctaFX के अक्सर पूछे जाने वाले प्रश्न NZD/USD lies at yesterday's Asian session highs 0.7809, followed by recent session lows at 0.7786, and Tuesday's/Friday's lows 0.7765/60. To the upside, closest resistance shows at recent session highs 0.7839, followed by August 01 lows at 0.7850, and Monday's weekly highs at 0.7871/76.
USD/JPY repelled by 98.00 zone
USD/JPY backed off from 97.92 highs after yesterday’s climb that concluded on this morning’s fall. The pair accumulates 0.05% daily losses so far, adding up to 1.10% weekly losses this week.
USD/JPY getting slammed on OctaFX के अक्सर पूछे जाने वाले प्रश्न news that Obama is prepared to bypass UN
The USD/JPY has reversed sharply lower on new reports that the Obama Administration will bypass UN procedures and attack Syria.
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