FX Reversals: USDJPY Moves in Range

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Price began today's trading session by first bouncing off of the S3 line of support found at 123.68. From this point prices have begun to advance, but have yet to test range resistance found at the R3 pivot point found at 124.12. If prices begin to …

Japan Forex Quarterly Report: OTC FX trading volumes down 7.8%, exchange …

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The Financial Futures Association of Japan has today produced its quarterly report on FX trading activity among all Japanese FX companies and trading venues, revealing that between January 1 and March 31 this year, margin FX trading volume which was …

Forex Trading Outlook for the Week Ahead

The question for the coming week is whether EURUSD trades above or below 1.10. This will help dictate the overall dollar tone in what has been a general up market for the currency over the past two weeks. The upcoming week, meanwhile, can be …

AUD Resuming Downtrend Backed by FX Sentiment & Volume Analysis

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Article Summary:FXCM Trading Volume on the AUDUSD showed a lack of endorsement on the recent push higher. A lack of endorsement on a countertrend move turns focus on the larger trend, which has been validated by other technical developments.

EURUSD Support and Resistance Update

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If prices continue to fall below the S3 support pivot, traders will begin looking for a breakout on the EURUSD. A breakout to lower lows would be marked by a move below S4 at 1.0806, and raise the possibility of the EURUSD declining in seven of the …