After a
short consolidation USD/JPY continued on its way up. I admit that I expected it
would fall a little first, but the bullish trend is still very strong and
proved me wrong. I expect it would reach target 118.00, or perhaps go even
higher.
On the
other hand, range continues for EUR/USD and will likely remain that way until
next week. The pair has been consolidating for over a week now and I believe
that once that ends it will likely continue on its way down to 1.2200.
To be
honest, I am not used to the market being so slow on Thursday and Friday, which
are usually the most active days of the week, but unfortunately there’s nothing
else to do now but wait.
I will be watching both pair closely.
ReplyDeleteLooks like a one way street.
ReplyDeleteThis analysis is very useful! Thanks!
ReplyDeleteInteresting Article. Thanks.
ReplyDeleteGood analysis on both pairs.
ReplyDeletegood analysis
ReplyDelete