The pair has been consolidating all week after the sharp bounce we saw since August 10 and following the statement from SNB vice president about a possible future peg of the swiss franc on the Euro which...
It is always the same story with the USD/JPY which has been trading flat after the market has digested the last BoJ intervention (from August 04).
The pair has been rallying significantly the most part of the week, testing the 1,66 after a break above previous high at 1,6480.
The pair continues to trade sideways and we still wait for a major validated breakout to get a better picture of the possible future developments.
The pair has extended hits gains reaching 1,06 during last trading session before reversing.
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonacci retracement level which is now a key level to watch.
The pair remains very well bid after its sharp rally from last week but it is currently consolidating.
The pair continues to trade flat above its historical low at 76,30 but remains under pressure.
The Cable was one the big movers of the last trading session reaching a top near 1,66.
The pair remains well bid after a confirmed break above the long term descending trendline. The former resistance is now playing as a strong support.