EURJPY – 240 – Watch the break outs

EURJPY – 240 – Watch the break outs


EUR/JPY             has been trading slightly sideways. On Monday and Tuesday we saw the pair closing the day in the green, but Wednesday’s session had a sharp move towards the 133 area, but closed the daily candle at around 132.100 level. Thursday was marked by continued selling, but it found support at 131.270 area.

On the 4h chart, we can see that the price is being held by this short-term downwards moving trendline that started on the 3rd of February. The potential is still more to the downside and a close of the 4h candle below the 131.270 could indicate that there is some more selling to come in. The RSI is currently at the 41 mark and the MACD is below 0. Both are bearish signs, that could potentially provide us with an indication for today’s direction in EUR/JPY             .

On the upside, if we start seeing a move back above the 131.800 area, then, first, the pair could test the mentioned above downwards moving trendline and if it does not hold, second, a break of it would take the price above the 132 area, which opens the path towards the 133 mark.

USDCAD – 240 – Keeping a close eye on it

USDCAD – 240 – Keeping a close eye on it

This week, USD/CAD             is unstoppable and the direction that it’s moving is only up. It managed to get above the high of around 1.26850 of the previous two weeks, and at the time of this analysis the pair is trading slightly above the 1.27 mark.

The overall trend is still to the upside. This has been running from September 2012 and has not been broken yet. As for today, we can see that USD/CAD             keeps holding on this small upwards moving trendline support, that started last Friday. It has not been broken yet and it kept pushing the price higher throughout the week. A move above the 1.27250 could push the pair up to yesterday’s high of around 1.27550, that could act as the first resistance level . A move further above that opens the way towards the 1.28 area.

If the above mentioned short-term trendline will not hold and the price will break it, then we could see a move back to the 1.26850 area. Below that we have the 21 EMA , which is around the 1.26650 level. A break below that area could push USD/CAD             towards the 50 EMA , which is around the 1.26200 mark.

EURUSD – 240 – Could we some continuation to the downside?

EURUSD – 240 – Could we some continuation to the downside?

EUR/USD             has been on a downslope this week, managing only to recover some of its losses on Thursday. Today we are seeing some negative activity in the pair’s price, where it made a significant move down from its yesterday’s highs of around 1.23520.

The Euro             is currently trading against the US Dollar             below the upwards moving trendline , that started around mid-December last year. Even though yesterday it had a push back slightly above it, still this momentum was short-lived and the pair sold off again. If EUR/USD             starts getting below 1.22850 level, then we must carefully monitor the probability for the pair to hit 1.22600. If this area won’t hold, then a push to the 1.22300 or even 1.22 could be next.

If we suddenly get a move back up above the previously mentioned short-term upwards moving trendline , then the next level to watch would be 1.23500. If broken, EUR/USD             could make a move to 1.23900 or even to 1.24250.

Shots fired at North Korea-linked group HQ in Japan

Fri, 2018-02-23 10:39

TOKYO: Japanese police arrested two men on Friday after several bullets were fired at the Tokyo headquarters of a group linked to North Korea, a spokesman and media said.
The men pulled up at the complex housing the pro-Pyongyang General Association of Korean Residents in Japan (Chongryon) in a van shortly before 4 a.m., before one of them fired multiple shots at the gate, media reported.
Police at the heavily guarded complex arrested the two, who media said had links to right-wing groups.
Japan has strict gun laws and shootings, almost always gang-related, are extremely rare.
Tensions remain high between North Korea and Japan over the North’s nuclear program and its testing of several missiles in recent years, including two that flew over Japanese territory last year.
About 500,000 ethnic Koreans live in Japan, many of them descended from the two million Koreans brought to Japan as forced labor during Japan’s 1910-1945 colonization of the peninsula.

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