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….
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….
