(MENAFN– ecpulse)
Major pairs narrow traded within the US session on current technical movements taking place and overall calm trading of major currencies after that the euro rose to fresh six-week highs against the dollar and fresh five-year high against the yen earlier in the session as risk appetite continued to be underpinned after the latest U.S. stronger-than-expected jobs report.
However uncertainties remain strongly sensed regarding the timing at which the Fed would decide to withdraw its monthly bond purchases keeping in mind that Budget talks on the U.S soil will grab attention as Congressional officials have a deadline of Dec. 13 to clinch a deal to trim automatic spending cuts.
Accordingly the euro is presently narrow trading on the four and one-hour charts as a result of the current technical movements sending in fact the EUR/USD pair to trade up around $1.3765 while recording the highest level of $1.3794 and lowest level of $1.3732, knowing that the pair may plunge deeply as seen throughout the four-hour and one-hour momentum indicators.
As for the British Pound, it is faintly consolidating on these correctional movements driving the GBP/USD pair to trade around $1.6444 while recording the highest level of $1.6465 and lowest of $1.6417 and is most probably going to remain at consolidated levels as mixed signs; buying and selling, are also witnessed at several time scale within the stochastic oscialltor.
Finally, as a result of mixed signs witnessed throughout the momentum indicators at different time charts the USD/JPY pair is consolidating around ¥102.78 while recording the highest level of ¥103.38 and lowest levels of ¥102.56.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.