The USD/JPY opened stronger during the trading session on Thursday but failed to hold the gain, exhibiting signs of exhaustion.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
The GBP/USD has rallied ever so slightly during the trading session on Thursday as we continue to see a lot of back and forth in the same area that we have been in.
The EUR/USD has seen some volatility during the trading session on Thursday, but it appears that the market is favoring the upside in the short term.
Top Forex Brokers
The GBP/JPY struggled to find its footing during Thursday's trading session, as the market remained choppy and indecisive.
The AUD/USD bounced during Thursday's trading session, with the 0.66 level offering support previously.
The USD/JPY was negatively affected by fears about the future of the US banking system.
The GBP/USD is rising again as global equity markets recover with potential for a push to 1.25 resistance if Thursday's US GDP reading disappoints.
During trading in the middle of this week, the price of the euro currency pair moved against the dollar, EUR/USD, towards the 1.1095 resistance level, the highest for the most famous currency pair in the forex market in a year.
The realization is growing that more ominous clouds are gathering over the US economy, causing new anxiety for investors.
Bonuses & Promotions
The price of the Turkish lira has stabilized against the US dollar, near its lowest level ever, during early trading on Wednesday morning.
Speculators who are pursuing the USD/TRY are certainly being entertained.
Bearish speculators of the USD/CAD who have been wagering on downside momentum to develop and remain consistent have likely been hurt the past two weeks of trading.
The AUD/USD pair continued falling on Thursday as traders reacted to Australia’s inflation numbers.
The USD/JPY initially fell during the trading session on Wednesday, but it found plenty of support, forming a hammer that indicates a bullish sign.
Natural gas markets fell again during the trading session on Wednesday as negative sentiment continues to drive prices down.