Technical Analysis – 11th February, 2015 | Vantage FX

Technical Analysis – 11th February, 2015

February 11, 2015

Wednesday 11th, February 2015


Intraday Support & Resistance Levels


Technical Indicator Signals


Currency Pair Spotlight

USDJPY: The breakout of the USDJPY finally happened. The timing may be a little surprising as the breakout happened during the European session and was not driven by news or events. The rally can partially be attributed to the easing of safe-haven needs as the gap between Greek and EU leaders are narrowing. Once USDJPY rose above 119.20, buy stop orders rushed in and pushed the level to a new day high of 119.60. The Yen may depreciate to former highs at 120.80 and 121.80.

For a full market wrap up, see Anthony’s Daily Forex Market Report.


Today’s Key Economic Calendar Events

For the full week’s outlook of events, please see our Economic Calendar


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