Intraday Forex Friday, September 18 (USDJPY, EURUSD, & etc.) Central bankers globally pledges to do whatever it takes to support the economic recovery

Zulbahri_GB

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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.

Asian shares looked set to rise on Friday, despite Wall Street declines overnight, following pledges by central bankers globally to do whatever it takes to support the economic recovery. Shares of technology firms regionally were watched as renewed pressure seen in stocks of their counterparts on Wall Street.
The dollar was steady on Friday after falling overnight as downbeat U.S. data cast a shadow over the economic outlook.

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

[USDJPY]
  • The Japanese yen strengthened against the greenback at 104.81 per dollar, after hitting a seven-week high at 104.52 yesterday.
  • Bank of Japan held its short-term interest rate target at -0.1% and said inflation trends and job growth, would guide its policy going forward, signalling the central bank’s readiness to ramp up stimulus if job losses heighten the risk of deflation.
  • BOJ governor Haruhiko Kuroda said the central bank would work closely with new Prime Minister Yoshihide Suga’s administration to shield the economy, including by loosening policy further.
Important Levels to Watch for Today:
  • Resistance line of 105.217 and 105.494.
  • Support line of 104.322 and 104.046.
USDJPY.png


[EURUSD]
  • The euro was little changed at 1.1846 per dollar on Friday.
  • The pair was steady in early Asia trading on Friday after dollar falling overnight as downbeat U.S. data cast a shadow over the economic outlook.
  • The euro zone PMI data next week will be a key focus, with some analysts saying a strong PMI could take the common currency back to the 1.19 level versus the dollar.
Important Levels to Watch for:
  • Resistance line of 1.18873 and 1.19331.
  • Support line of 1.17388 and 1.16929.
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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