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USD/JPY finally corrects lower - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik stresses that USD/JPY has corrected lower and is trading below 105.00 after dropping earlier to the area of 104.86.

Key quotes

"The hourly chart shows price held well above the long term descendant trend line broken yesterday, with indicators heading strongly south but without price following, which means falls are still seen limited."

"In the 4 hours chart indicators also corrected some of the extreme overbought readings and turn back north well into positive territory, supporting the shorter term view."

AUD/USD consolidates gains after strong rally

The Aussie is among the best performers Wednesday, with the pair being buoyed by better-than-expected Australian GDP and comments from RBA Stevens that essentially ruled out further easing.
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GBP/CHF rejected violently at the neckline - ForexTrading.TV

Nicole Elliott, CFTe, currency analyst at ForexTrading.TV points out that GBP/CHF was rejected violently at the neckline.
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