Trial now
JPY

Yen Shakes Off Earlier Weakness

EURGBP TECHS

Corrective Bounce

UK

Timeline of key events (Times GMT)

USDJPY TECHS

Testing Its 50-Day EMA

EUROZONE

Timeline of key events (Times GMT)

EURJPY TECHS

Resumes Its Downtrend

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RUBJPY has been trending sharply this month amid JPY weakness and RUB strength.
  • We have seen that the firm trend in oil prices have supported the ruble in recent weeks, currently trading at 15-month highs against major crosses.
  • The pair is currently testing its 1.61 resistance, which represents the 61.8% Fibo retracement of the 1.2960 – 1.8040 range (2020/21 high low).
  • Next resistance to watch stands at 1.64, followed by 1.6840 (23.6%).
  • On the downside, first support stands at 1.5720, followed by at 1.55 (50% retracement).
  • Next important event to watch will be CBR meeting on October 22, which is expecting to raise its benchmark rate by 50bps to 7.25%.