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14 Oct 2019

EUR/JPY technical analysis: Momentum stalling below of trendline support

Bearish momentum stalling following a break of trend-line support.
Bears can target 115.87 ahead of the 2017 low at 114.86.

Overcoming the 6-month downtrend at 118.77 and rising from 116.58/115.87 recent lows, EUR/JPY rallied to the September highs which meet the July lows, reinforcing the upside resistance at this juncture.

Overall, the price is submerged below bearish moving averages within a descending channel although remains below trendline support. However, an upside extension beyond the 200-day moving average at 122.50 will look for a test of the 38.2% Fibonacci in the 124 handle on the wide. On the downside, bears can target 115.87 ahead of the 2017 low at 114.86.

EUR/JPY daily chart

Oct 14, 2019

Gold sellers cheer US-China trade optimism against all odds

With the US and China near to end the two-year-old trade tussle, Gold bears give little importance to doubts over soft Brexit and tension surrounding Syria.

USD/CAD technical analysis: On the back foot below 12-week-old rising trendline

Following its downside break of near-term key support line, USD/CAD declines to 1.3197during early Asian session on Monday.