Intraday Forex Friday, September 11 (USDJPY, EURUSD, & etc.) Euro hit a one-week high. Pound slipped to a six-week low.

Zulbahri_GB

Recruit
Messages
1
Hi everyone. This observation is made around 4:00 UTC today, with 15 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Market were expected to tumble on Friday in response to declines in technology stocks that began last week. Geopolitical developments also likely weighed on investor sentiment, amid a recent rise in tensions between the U.K. and EU.
The dollar steady on Friday after a rout in stocks sent nervous investors to its safety. Sterling set for its worst week since March over Brexit deal.

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

[USDJPY]
  • The safe-haven Japanese yen held steady at 106.16 per dollar, having inched higher overnight.
  • USD/JPY moved lower on weakness in stocks, which prompted buying of the yen. The yen also strengthened on a Reuters report that said the BOJ at next week's policy meeting would boost its forecasts for the economy, output, and exports compared to where they stood at its previous meeting in late-July.
Important Levels to Watch for Today:
  • Resistance line of 106.366 and 106.532.
  • Support line of 105.855 and 105.697.

USDJPY.png



[EURUSD]
  • The euro retreated at $1.1833 having briefly hit a one-week high overnight.
  • The rise came after European Central Bank President Christine Lagarde suggested the ECB was unlikely to undertake measures to weaken the euro despite its recent gains.
  • Following Thursday's ECB meeting, the Governing Council maintained the deposit rate at -0.5% and kept its pandemic bond-buying program unchanged at 1.35 trillion euros ($1.6 trillion), while revised its 2020 Eurozone GDP forecast upward to -8.0% versus a prior estimate of -8.7%.
Important Levels to Watch for:
  • Resistance line of 1.19198 and 1.19650.
  • Support line of 1.17733 and 1.17280.

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.
 

sam.peters

Corporal
Messages
82
Got positions on both of these trades, I'd be keen to hear what you think Monday and Tuesday are likely to look like for both UJ and EU.
 
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