| Yen Crosses: Former Support is Now Resistance (Daily FX) The Yen crosses are at risk of falling sharply. Former support lines have held as resistance. Additional bearish evidence includes RSI divergence at recent highs and potential reversal patterns such as double tops and head and shoulder tops. us.rd.yahoo.com |
Euro, British Pound May Decline Against US Dollar as Equity Futures Point Lower (Euro Open) (Daily FX) The Euro and the British Pound may see selling pressure with US stock index futures are trading down nearly 1% ahead of the opening bell in Europe, pointing to sagging risk appetite that stands to boost the safety-linked US Dollar. us.rd.yahoo.com |
Euro up to $1.4755 in European morning trade (AP) The euro was higher against the dollar Monday as investors looked to economic data and earnings reports for signs that the global economy is recovering. us.rd.yahoo.com |
GBP/JPY Classical (Daily FX)  GBP/JPY: The market has now taken out the October, 139.70 lows to open the door for a fresh medium-term drop into the 131.50-135.75 area. However, it is worth noting that daily studies are now stretched with the daily RSI below 30, and the risk from here over the shorter-term is for a bounce back towards the 145.00-150.00 are before considering the possibility of a bearish resumption.  us.rd.yahoo.com |
Australian Dollar Failure Presents Bearish Opportunity (Daily FX) There are bearish opportunities in the AUDUSD and NZDUSD. Both pairs are expected to trade lower in corrections following their 5 wave advances from the December lows. us.rd.yahoo.com |