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Japanese Yen Technical Analysis: AUD/JPY, EUR/JPY, GBP/JPY Key Levels


Time-cycle analysis suggests that the Japanese Yen could slide significantly lower against its major counterparts.
Inverse Head and Shoulders pattern hints at extended gains for AUD/JPY .
EUR/JPY rates challenging long-term trend resistance.
GBP/JPY poised to push to multi-year highs. Advertisement
Long-term cycle analysis suggests that the haven-associated Japanese Yen is at risk of a prolonged period of weakness against its major counterparts. Here are the key levels to watch for AUD /JPY, EUR /JPY and GBP /JPY in the coming weeks. JPY Index Monthly Chart Extended Losses on the Cards
JPY Index monthly chart created using Tradingview ....

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British Pound (GBP) Latest: GBP/USD Bulls Hit 1.40 Target - GBP Unfazed by Data


GBP Bulls Hit 1.40 Target
EUR /GBP | Short Term Reprieve, But Long Term Slide GBP Bulls Hit 1.40 Target
GBP bulls continue to take charge as GBP/USD breaks 1.40 for the first time since April 2018. The narrative behind the GBP bull case remains unchanged with a successful vaccine program and reduced political uncertainty with Brexit now behind us. That said, this morning s data has been mixed overall with soft retail sales and better than expected PMI data shrugged off. Going forward, while the current narrative remains in play for GBP, given the substantial rise since the beginning of the year and with the psychological 1.40 barrier being taken out, I wouldn t be surprised to see some profit taking occur, particularly as GBP crosses trade at overbought levels. ....

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Stocks slide on profit-selling; HBL result weighs


Business
February 18, 2021
Stocks settled lower on Wednesday after swinging wildly with the dent of the day coming from Habib Bank Limited, owing to its disappointing earning result, while institutional profit-booking also weighed, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index lost 0.21 percent or 99.81 points to close at 46,768.14 points. Volumes swelled to 701.76 million shares from 514.208 million on Tuesday. KSE-30 shares index shed 0.3 percent or 58.71 points to close at 19,560.59 points.
Topline Securities in its daily market review said the market opened on a positive note following IMF and Pakistan’s reaching an agreement on measures to complete second to fifth review of the former’s EFF (Extended Fund Facility). ....

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Eight snowmobiles caught, one man dead in avalanche near Squaw Creek


UPDATE 9:30 a.m. Thursday: The man who died in an avalanche on Wednesday was Greg Stanczak of Michigan, according to Lincoln County Coroner Dain Schwab. Stanczak was visiting the area with his son and brothers and died when he was buried by avalanche debris in a Wednesday afternoon slide.
ORIGINAL STORY: First responders are on the scene of an avalanche in the Squaw Creek area, about four miles up Greys River Road from the trailhead in Lincoln County.
An avalanche that caught and carried eight snowmobiles was reported around 1:30 p.m. Wednesday.
A 56-year-old man was buried for about 20 minutes before friends found him and started CPR. ....

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