Bullish 1&4h Signals for EUR/JPY [Video]

Dukascopy Bank Team Dukascopy Bank SA

Euro/Dollar has mixed signals in the hourly chart. The mid term has 4 neutrals and 4 studies are green in the daily range. Interbank sentiment is strongly bullish, matching the daily signals. Pound/Dollar has neutral signals in the lead of all three time ranges and they are in line with the only six percent short interbank. Dollar/Yen has 6 neutral signals in both the 1 and 4-hour charts. 4 models are red in the daily scale, matching the 19 percent short interbank stance. Most of the technicals are neutral for the Pound/Yen in all three time frames, but the 30 percent short interbank is bearish. Euro/Yen has 5 green signals in both the 1 and 4-hour charts. 4 models bring neutral signals in the daily range. Interbank sentiment is bearish, standing at nearly 18 percent short.

Author

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1870 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming steady momentum. RSI has eased but remains above 50, indicating momentum remains constructive for the bulls.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold trims intraday gains to $5,000 amid modest USD strength ahead of US CPI

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains heading into the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.