The EUR/USD pair slightly increase yesterday and several times bounced on its resistance at 1.3650. During the Asian session after the Australian results came out slightly above expectation, the pair jumped by 25 pips as the resistance was broken. We can see some speculation before Janet Yellen (Fed chairman) will speak before U.S. lawmakers today at 3.00PM (GMT). She is consider to be more dovish than Ben Bernanke so the speculation over U.S. Dollar is quite bearish. The same time (at 3.00PM GMT) will be announced the JOLTS Job Opening which is expected to show another increase of number of job openings. The sentiment is now slightly bearish but might change as the American session starts. The support is lying at 1.3605 and resistance at 1.3680.
Yesterday the GBP/USD pair was traded sideways in a flat channel between 1.6385 and 1.6435. The pair did not move much due to lack of economic events on the market. However today we might see some better trading opportunities connected with Testimony of Janet Yallen at 3.00PM (GMT). Later on today we might see some speculation over tomorrow’s Inflation report from Bank of England. The movement has remained sideways. The support lying at 1.6370 and resistance at 1.6440.
The USD/JPY pair reversed its bullish sentiment and decreased from 102.65 to 102.00 during yesterday’s trading hours. However, the sentiment has already changed again and the pair is slightly bullish heading to 102.40 level. Today we should expect that the pair will be driven by U.S. Dollar and its speculation over the testimony. But we should not forget about Japanese Core Machinery Orders and Tertiary Industry Activity at 11.50PM (GMT). Both of them are predicted to show some negative numbers and that might hurt Yen and pull the price up. The sentiment is slightly bullish with support at 102.00 and resistance at 102.65.
February 11, 2014 – Forex News
Hot asset for today: EUR/USD
The EUR/USD pair slightly increase yesterday and several times bounced on its resistance at 1.3650. During the Asian session after the Australian results came out slightly above expectation, the pair jumped by 25 pips as the resistance was broken. We can see some speculation before Janet Yellen (Fed chairman) will speak before U.S. lawmakers today at 3.00PM (GMT). She is consider to be more dovish than Ben Bernanke so the speculation over U.S. Dollar is quite bearish. The same time (at 3.00PM GMT) will be announced the JOLTS Job Opening which is expected to show another increase of number of job openings. The sentiment is now slightly bearish but might change as the American session starts. The support is lying at 1.3605 and resistance at 1.3680.
Yesterday the GBP/USD pair was traded sideways in a flat channel between 1.6385 and 1.6435. The pair did not move much due to lack of economic events on the market. However today we might see some better trading opportunities connected with Testimony of Janet Yallen at 3.00PM (GMT). Later on today we might see some speculation over tomorrow’s Inflation report from Bank of England. The movement has remained sideways. The support lying at 1.6370 and resistance at 1.6440.
The USD/JPY pair reversed its bullish sentiment and decreased from 102.65 to 102.00 during yesterday’s trading hours. However, the sentiment has already changed again and the pair is slightly bullish heading to 102.40 level. Today we should expect that the pair will be driven by U.S. Dollar and its speculation over the testimony. But we should not forget about Japanese Core Machinery Orders and Tertiary Industry Activity at 11.50PM (GMT). Both of them are predicted to show some negative numbers and that might hurt Yen and pull the price up. The sentiment is slightly bullish with support at 102.00 and resistance at 102.65.
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