English 
Русский
Bahasa Indonesia
Bahasa Malay
ไทย
Español
Deutsch
Български
Français
Tiếng Việt
中文
বাংলা
हिन्दी
Čeština
Українська
Română
EUR/JPY
The cross hit a fresh three-week low. This week, the major economic event is the ECB press conference scheduled on Thursday. As we have been discussing, the ECB will start the bond purchasing program in March, so the meeting can unveil the details of an inflation rate forecast and the QE program. The ECB action will put on more pressure on the single European currency. Today, traders eye Spain's and Italy's manufacturing PMI, the final manufacturing PMI, Italy's monthly and quarterly unemployment rate, the euro zone unemployment rate, and CPI flash estimates. Prices are closed and trading below hourly moving averages. At the bottom, prices formed a support base between 132.38 and 132.28. The intraday resistance is set at 134.00. The intraday support is found at 133.40. We recommend fresh buying above 134.00 with targets at 134.25, 134.45, and 134.65. Prices are forming lower lows and lower highs, favoring sells on rise. The pair can regain upswing momentum only above 134.65. Fresh selling will ignite below 133.40 with a target at 132.50.
GBP/JPY
The cross is likely to continue its five-week uptrend. The cross made a double top at 185.00. Today, the cross has been unable to breach the double top at the early Asian session. We recommend fresh buying above 185.05. The speech of BoE Governor Carney made traders eye on UK's manufacturing PMI and nationwide HPI data. We expect the UK's manufacturing data to provide an uptick to 53.5. We are bullish in GBP against crosses. A trading pattern is framed between 183.50 and 185.00.
The prices formed a support base at 183.50. The weekly support is seen at 183.50 and 182.50. The pound favors buying on dips against the cross currencies. Ahead of BoE governor Carney speech, the pound is trading lower against the yen. The intraday support is found at 184.50. Until the cross closes above 181.50, the long trade remains in play. For an intraday view, we recommend fresh buying above 185.05 with targets at 185.40, 185.80, and even 186.80. Besides, you are recommended to sell below 184.00 with targets at 183.50 and 183.00.
Buying above 185.05.
Selling below 184.00.
