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Macro

GBP/JPY Outlook (14 February 2022)Overall, GBP/JPY is ranging across. Recently, GBP/JPY broke below the key level of 147 after the escalation of the Russia-Ukraine geopolitical tension, leading to the strengthening of JPY. The Preliminary GDP q/q data (Actual: 1.0%, Forecast: 1.1%, Previous: 1.1% revised from 1.3%) released last Friday indicated a slight slowdown in economic growth during the fourth quarter of 2021. Currently, GBP/JPY is bouncing off the support zone of 156.000 and the next resistance zone is at 158.000. Look for short-term selling opportunities of GBP/JPY only if it trades below the support zone of 156.000.
Short
by JinDao_Tai
GBP/USD Outlook (14 February 2022)Overall, GBP/USD is ranging across. Recently, GBP/USD rejected the resistance zone of 1.36000. The Preliminary GDP q/q data (Actual: 1.0%, Forecast: 1.1%, Previous: 1.1% revised from 1.3%) released last Friday indicated a slight slowdown in economic growth during the fourth quarter of 2021. Currently, GBP/USD is trading towards the resistance zone of 1.36000 the next support zone is at 1.33800. Look for short-term selling opportunities of GBP/USD if it bounces off the resistance zone of 1.36000.
Short
by JinDao_Tai
EUR/JPY Outlook (14 February 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the support zone of 131.500 after the escalation of the Russia-Ukraine geopolitical tension, leading to the strengthening of JPY. European Central Bank President Lagarde will be speaking tomorrow at 0015 (GMT+8). During this time, expect volatility in EUR. Currently, EUR/JPY is testing the resistance zone of 131.500 and the next support zone is at 130.000. Look for short-term selling opportunities of EUR/JPY if it rejects the resistance zone of 131.500.
Short
by JinDao_Tai
USD/JPY Outlook (11 February 2022)Overall, USD/JPY is ranging across. Recently, USD/JPY traded into the resistance zone of 116.000 after the release of the strong U.S. inflation data. Japanese banks will be closed today in observance of National Foundation Day. Expect lower trading volatility and volume during the usual Japanese market hours. Currently, USD/JPY is testing the resistance zone of 116.000 and the next support zone is at 114.200. Look for short-term buying opportunities of USD/JPY if it breaks the resistance zone of 116.000.
Long
by JinDao_Tai
USD Overview (11 February 2022)Yesterday, USD strengthened against most major currencies except GBP and EUR. The CPI m/m data released yesterday indicated continued rise in inflation during January. Annual inflation continued to rise at a faster pace, hitting a 40-year high level. CPI m/m (Actual: 0.6%, Forecast: 0.4%, Previous: 0.5%) Core CPI m/m (Actual: 0.6%, Forecast: 0.5%, Previous: 0.6%) The Preliminary UoM Consumer Sentiment data (Forecast: 67.2, Previous: 67.2 revised from 68.8) will be released later at 2300 (GMT+8).
TVC:DXY
by JinDao_Tai