misbauos

misbauos

It is a quiet start to the day for the USD/JPY. There are no economic indicators from Japan or the region to influence. The lack of stats will leave the USD/JPY in the hands of market risk sentiment. On Monday, US economic indicators disappointed, with manufacturing sector data revealing more cracks in the US economy. Risk-off sentiment weighed on US Treasury...

misbauos

I’m still keeping an eye on the March 24th trend line and the 1.1030 area. While I’m cautiously bearish below 1.1030, I need to see more to short the EURUSD. That said, I think the bigger opportunity here lies with the September channel support.

misbauos

GBPUSD is less than appealing after being a great market to trade for months. The sideways chop at the 1.2450 range highs is something I avoid at all costs. The trend line I mentioned in last week’s forecast is holding as resistance, but so far, there’s been no follow through from sellers. Acceptance below 1.2350 this week opens up 1.2290 and potentially...

misbauos

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