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1 May 2013

Forex: EUR/JPY flat after rejection from 128.90

FXstreet.com (Córdoba) - The euro failed to sustain gains against the yen during the New York session, and after the latest bullish attempt was capped by the 200-hour SMA around 128.90, EUR/JPY turned lower and retraced its advance.

EUR/JPY fell back to the 128.05 area before the setback was contained and it was last trading flat on the day around 128.25/30.

As for technical levels, immediate supports could be faced at 128.00 (psychological level) and 127.80 (daily low), while resistances are seen at 128.90 (daily high/200-hour SMA) and 129.35 (high Apr 26).
May 1, 2013

Forex: USD/CHF bounces at 0.9250 and trades back at 0.9280

After falling around 65 pips from the intra-day high at 0.9310, the USD/CHF seems to have found support at the 0.9245 level, where the pair bounced to trade back to 0.9280.
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May 1, 2013

Forex: USD/JPY keeps the red around 97.20/25

The Japanese yen continues to gather traction against the greenback on Wednesday, falling for the second consecutive session and prolonging its correction from last week’s highs in the boundaries of 100.00...
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