Huge volatility was witnessed yesterday, especially against the Japanese Yen. The Greenback has weakened by more than 500pips against the Yen during the U.S trade, before finally closing 200 pips lower. EURJPY cross also witnessed huge volatility where in the common currency has weakened by more than 300pips at the end of close. Though the U.S dollar has strengthened against Euro, Swiss Franc and Aussie dollar, strength infused by the Japanese Yen has put strain on the Dollar Index (DX). Volatility may be witnessed, especially against the Japanese Yen for couple of trading sessions before the world markets settle.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3740 1.3851 1.3936 1.4050
GBPUSD 1.5914 1.5987 1.6061 1.6171
USDCHF – 0.8899 0.9060 0.9153
USDJPY – 76.00 79.76 80.58
EURJPY – 106.80 110.67 111.57
AUDUSD 0.9697 0.9805 0.9850 0.9949
For trading calls, contact us at
+91-40-40268383
support@gfmresearch.com
www.gfmresearch.com
Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.