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USD/JPY: Upward momentum regains – Societe Generale
Societe Generale reports on the recent movements in USD/JPY, highlighting a V-shaped rebound and the importance of key support and resistance levels. The analysis indicates that the currency pair is regaining upward momentum and is challenging the 50-DMA.
Fxstreet
Wed, Feb 4
EUR/JPY Price Forecast: Positive outlook remains intact, first upside barrier emerges near 186.00
The EUR/JPY cross attracts some buyers near 184.95 during the early European session on Wednesday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid fiscal concerns on the back of Japanese Prime Minister Sanae Takaichi's reflationary policies.
Fxstreet
Wed, Feb 4
EUR/USD gains ground above 1.1800 ahead of Eurozone HICP release
The EUR/USD pair trades on a firmer note near 1.1830 during the early European session on Wednesday. Nonetheless, the upside for the major pair might be limited as traders remain cautious after a partial government shutdown swiftly ended.Fxstreet
Wed, Feb 4
GBP/USD Price Forecast: Steadies above 1.3700 near nine-day EMA support
GBP/USD steadies after registering modest gains in the previous session, trading around 1.3700 during the Asian hours on Wednesday. The technical analysis of the daily chart points to a potential bearish reversal as the range narrows, indicating waning buyer momentum within a rising wedge pattern.
Fxstreet
Wed, Feb 4
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