On Friday, the EUR/USD retraced from Thursday’s highs to trade just above 1.3300, down 0.5%. The USD/JPY seemed much more stable on Friday, although the unwinding of long-term long positions in the pair continues. The US PPI was out better than expected, helping the greenback recover. Investors look to next week's Fed meeting for policy clarification regarding the monetary policy expansion.
Trade Idea
GBPUSD 4H Chart:
Any retracement towards 1.5600 – 1.5570 area could be considered as a buying opportunity.
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