EUR/USD, GBP/USD and USD/JPY

Robbie C

Newbie
2 0
EUR/USD short covering emerging which could fuel the move towards 1.3560-80 before exhaustion kick in, following by an expected nose-dive to 1.3420-45

Sterling recent break of 1.6310 (low 1.6252) now sets the stage for a move towards 1.5850 (near-term)….. In the interim, bears likely to be camped out from 1.6350 which may be challenged first before the move lower.

USD/JPY challenge to the downside overnight stabs at the 100.50 support (low 100.77)… With upward momentum current, price look towards the 101.80 region. With 100.50 seen as a bullish launch pad broader view looks to 103.00 to 104.50 as a potential target….
That said, if you are trading from the bullish side watch for dips….
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock