The AUD/USD is in a bullish breakout as the Federal Reserve signals a pause in rate hikes and Australia’s economic recovery continues. Key technical levels point to further upside, with a potential target at 0.7000, supported by positive sentiment and robust fundamentals.
The AUD/CHF is presenting a bullish opportunity as diverging central bank policies and interest rate differentials favour the AUD. Technically, a breakout above 0.5900 could lead to further upside, while the next support is at 0.5750.
The GBP/JPY pair has broken above critical resistance levels, driven by divergent economic policies in the UK and Japan. While the BoE remains hawkish, the BoJ continues with ultra-loose monetary policy, favouring a bullish outlook for GBP/JPY. However, traders should be cautious of overbought conditions as a short-term pullback may offer better entry points.
USD/JPY is poised at a key technical level with potential for a short-term rebound, driven by oversold conditions and speculation around the Bank of Japan’s monetary policy. Key support remains at 144.00, with resistance at 148.00. Geopolitical risks and diverging monetary policies between the Federal Reserve and the BoJ will continue to shape the outlook for this currency pair.
The CAD/JPY pair is positioned for continued bullish movement, supported by rising interest rates in Canada and dovish policy from the Bank of Japan. Technical indicators also point to further upside, with the pair targeting the 110.00 level in the near term. Traders should watch for key levels around 107.00 for entry.
The USD/JPY currency pair is poised for further gains, supported by a robust U.S. economy and a hawkish Federal Reserve. In contrast, the Bank of Japan’s dovish stance and weak economic data keep the JPY under pressure. Our technical analysis indicates a potential breakout above 147.50, making a long position attractive.
The CAD/JPY pair is under pressure due to diverging economic conditions between Canada and Japan. Technical analysis confirms a bearish trend, with key support at 103.50. Traders should watch upcoming economic data for further clues on direction.
USD/JPY is under pressure as diverging monetary policies between the Fed and BoJ drive bearish sentiment. Key technical levels and economic indicators suggest potential downside towards 140. Stay updated with our analysis for actionable insights.
The GBP/JPY pair is navigating a complex macroeconomic environment, with contrasting monetary policies between the BoE and BoJ creating volatile market conditions. Key support and resistance levels are in focus as traders weigh the impact of interest rate differentials and economic data on future price movements.
CHF/JPY shows a bullish trend supported by Switzerland’s robust economic performance and the SNB’s hawkish stance. The pair is likely to appreciate further amid BoJ’s continued dovishness. Key levels to watch are 168.00 (support) and 172.00 (resistance), with a potential target of 174.00 by year-end.