USDJPY is currently trading at its lowest in 2 month period. Weaker than expected U.S. data brings this pair in view of further decline. If breaks 109.9, likely bearish to 108.8 - keeping levels in mind: S1 109.90 S2 109.40 S3 108.80 R1 110.35 R2 110.80 R3 111.20 Personal analysis only. Please use your own rules & strategies prior to entering market.
EURUSD appears to maintain a Bullish trend ahead of US Nonfarm Payrolls and Unemployment Rate release tomorrow (Friday). A positive report could see a short-lived reversal, so caution is advised. However, positive or negative, the EUR appears to be able to maintain an upward trend even after the news settles. For me, BIG NEWS = Caution so sitting this one out,...
I feel we are seeing the BOE showing its true colors that the country is not as bad financially as the media is telling us. I see a revisit back to the high 1.28880 soon. We are positioned long and the targets have been sent to members.
... now resting in support area. The US Dollar is being punished by the markets today!
While GBP/USD swiftly bounced from it’s brief foray below $1.20, price has once again been capped by the range that you can clearly see in the daily chart The upper level of the range is definitely acting as resistance and the way it held again back in the first week of February puts Cable in play for shorts. Just keep in mind that it’s a 700 pip range and we’re...
this is a good position to take if you are familiar with news trading. I believe it would go higher than our take profit, but just to be safe, let us trade it like this. Do not hesitate to ask any question you might have. Thanks, Masih