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10 Jun 2014

USD/JPY finds resistance at 102.40

FXStreet (Córdoba) - The USD/JPY is trading at 102.30, down 0.20% for the day, retreating further after being unable to break a key short term resistance at 102.70/80.

After Wall Street opening Greenback gained momentum and pushed the USD/JPY to the upside, but the recovery from 102.20 (daily low) found resistance around 102.40 and pulled back toward the lows.

USD/JPY technical outlook

The pair is headed toward the lowest daily close in a week but still holds some positive momentum, particularly if it managed to hold above 101.80 - 102.00. To the upside, for the US dollar to extended gains needs to break above 102.70/80.

Jun 10, 2014

GBP in hands of the bears - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank suggested that near‐term studies all warn of downside risk.

Pound to strengthen into H2 - Nomura

GBP is likely to trade strongly into the second half of this year, Nomura notes.