In this 26 February USDJPY Intraday Technical Analysis, Stuart Cowell, a market analyst at HotForex gives a brief technical analysis on the USDJPY, AUDUSD and GBPUSD pair.
26 February, HotForex – The USD/JPY was little changed on Monday, as the pair continued to hold below 107.00. A rebounding dollar drove the USD/JPY to a high of 107.81 last week. However, prices have been trending lower ever since.
The pair has established a bottom of 105.70, which is the low from 16 February. A bearish reversal for the greenback could send USD/JPY below this key threshold.
26 February USDJPY Intraday Technical Analysis (+Video)
USDJPY Under Pressure Again – The dollar has traded softer in early week trading, once again correlating inversely with global stock market direction. European Session Headlined by Draghi at 14:00 GMT.
This article about 26 February USDJPY Intraday Technical Analysis was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.
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