Cleaned up the OANDA:GBPUSD charts.
White: Weekly Levels
Orange: Daily Levels
Given dovish sentiment from the FED, short term we're long.
Given the recent pullbacks in US equities, long term we're short.
$USDCNH HAS FAILED TO BREAK THE (ALL TIME) HIGHS OF DECEMBER 2016. GIVEN THE NEW CURRENCY DEAL BETWEEN CHINA & JAPAN, AND UNITED STATES STOCKS DIPPING, INVESTORS ARE FINDING OPPORTUNITIES IN ASIA
With global stock markets dropping due to Fed rate hikes, Tarrifs, Brexit, and Italys stalemate, the Japan Yen is emerging favorable as a safe haven. This week BOJ announces rates and Japan releases unemployment while ADP Employment and Non Farm Payrolls are released later in the week from the United States.