USD/JPY consolidates at 7−month highs

USDJPY chart

The USD/JPY took a step higher and printed a fresh 7-month high during the European session but lacked follow-through as markets have been fairly quiet as US is out for Labor Day.

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EUR and GBP up in correction mode; JPY still under pressure

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3179 1.3231 1.3157
GBPUSD 1.6633 1.6756 1.6777
USDJPY 103.83 104.20 105.01
USDCHF 0.9142 0.9146 0.9266
AUDUSD 0.9345 0.9223 0.9110
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0829 1.0907 1.0999
NZDUSD 0.8415 0.8456 0.8452
GBPJPY 172.78 173.74 176.65
EURJPY 137.13 137.32 139.13
EURGBP 0.7950 0.7892 0.7793

EUR/USD bottom or correction?: Investors are mild bullish in EUR seen sideways to bullish for the upcoming month and despite trading at fresh year lows.

GBP/USD ready to resume the upside: Market has turned more Pound positive over these last few days, with the pair seen rising through the quarter up to 1.70 price zone.

USD/JPY some consolidation before a new leg up: latest USD/JPY gains had encouraged buyers, with the pair seen now consolidating at current levels before advancing beyond 105.00 .

AUD/USD gaining bearish potential: Aussie will have to face RBA next week, which generates some uncertainty, but bears have taken the lead in the longer run.

EUR/JPY upside limited by EUR weakness: Despite seen bullish, gains are seen limited by the lack of strength of the common currency, limited now to 139.00 in a 1 month view.


Trader’s eye on FX, short term

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Current Trading Positions

EURUSD Order Entry SL TP
Mind Vision Traders SHORT LMT @1.3235 1.3306 1.3088
USDJPY Order Entry SL TP BUY MKT @104.16 103.40 105.20
GBPUSD Order Entry SL TP SELL LMT @1.6650 1.6690 1.6460
XAUUSD Order Entry SL TP
Mind Vision Traders BUY LMT @1277.00 1268.00 1300.00


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Most Traded Pairs

Pair Price Hour Day Week Month
GBPUSD 1.6627 0.02 0.22 0.29 -1.16
USDCHF 0.9192 0.02 0.03 0.42 1.47
AUDUSD 0.9345 0.02 0.12 0.49 0.33
USDJPY 104.29 0.01 0.15 0.23 1.63
EURUSD 1.3136 -0.03 0.02 -0.42 -2.19

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