A good start to a week, we can expect to see some action on Japanese Yen and Australian Dollar. As suspected last week, we still seem to be at at cross roads with the US Dollar. Japanese Yen is proving to be stable and seem to have picked a direction. I am expecting Japanese Yen to gather some steam. I am expecting US Dollar to weaken but could be some near misses today as we are still at a cross roads, so will be taking a mixed stance on this. Japanese Yen could weaken in the onset and gain some strength later today. I’m adding two hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.33852 and 1.33554.
Fundamental Watch
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