Intraday Forex Friday, August 21 (USDJPY, EURUSD, & etc.) Traders are looking ahead to the release later of manufacturing data for the euro zone.

Zulbahri_GB

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Hi everyone. This observation is made around 3:15 UTC. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asia Pacific stocks edged higher in Friday morning trade following the tech-driven rally on Wall Street and the release of mixed U.S. economic data overnight. On focus is on eurozone manufacturing data, set to be released later today.
Gold prices rebounded overnight and after the U.S. jobless data on demand for the safe-haven asset.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[USDJPY]
  • The greenback was quoted at 105.65 yen after a 0.3% decline yesterday.
  • Both Stochastic and RSI oscillators are still lingering within the undervalued ranges, after briefly retreated from the range.
  • The MACD is trading below its signal line and negative. The configuration is negative.
Important Levels to Watch for Today:
  • Resistance line of 106.207 and 106.435.
  • Support line of 105.459 and 105.241.
USDJPY.png


[EURUSD]
  • On focus later is on eurozone manufacturing data, set to be released later today.
  • The dollar stood at $1.1873 per euro on Friday in Asia following a 0.2% decline in the previous session.
  • Both Stochastic and RSI oscillators steady around normal range of 50.
  • The MACD is trading below its signal line and positive.
Important Levels to Watch for:
  • Resistance line of 1.18906 and 1.19173.
  • Support line of 1.18039 and 1.17771.
EURUSD.png


For analysis of USDCHF, GBPUSD and other insight into the market, read more on the WEBSITE or click on TECHNICAL ANALYSIS and DAILY MARKET NEWS.
 
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