Tuesday, 29 January 2019

USD/JPY Outlook Mired by Lower Highs & Lows, Bearish RSI Formation

The recent series of lower highs & lows raises the risk for a further depreciation in USD/JPY especially as the RSI responds to the bearish formation from late-2018.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...