#11600

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Unnamed Road, 11600 Rızapaşa Köyü/Söğüt/Bilecik, Turkey

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Goose Lake near Red River New Mexico. . #gooselake #11600 #goldhill #12716 #gooselaketrail #fr486 #redriver #redrivernm #forest #landscapes #greatoutdoors #outdoorphotography #lake #mountains #carsonnationalforest #nationalforest #purenm #landofenchantment #travelnm (at Goose Lake 11,600 Elev.) https://www.instagram.com/p/CRjgad3hs2e/?utm_medium=tumblr

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Sensex Opens Over 350 Points Higher, Nifty Above 11,600 Stock Market Updates: Domestic stock markets started Tuesday's session on a positive note, rising for the fourth day in a row, as Asian equities climbed to a two-week peak.

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USD/JPY Risks Falling Under 116.00

New Post has been published on http://u.to/jGqiDw

USD/JPY Risks Falling Under 116.00

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Jan 10 17 10:25 GMT

‘The strong dollar policy will likely fade as quickly as Obamacare. When it comes to the U.S. dollar, this time around politics will trump interest-rate differentials.’ – Doug Borthwick, Chapdelaine FX (based on Market Watch)

Pair’s Outlook

A new spark of risk-aversion prevented the USD/JPY pair from posting more gains yesterday, causing the to fall towards 116.00. Despite the decline, the pair remained within its consolidation range, but due to a breach of that range last week, risks are now skewed to the downside. The Buck’s inability to recover today could ultimately cause a drop towards the 114.00 mark, close to where the monthly S1 is located. However, first of all the pair is required to pierce the Bollinger band and the weekly S1 support area. This demand cluster still has the ability to trigger some USD-buying, which is to preserve the consolidation trend, as technical indicators suggest.

Traders’ Sentiment

Today 52% of traders have a positive outlook towards the Greenback (previously 51%), while the share of buy orders slid from 54 to 53%.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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