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Forex: EUR/USD and USD/JPY Reversals Depend on Stimulus or Risk Trends

EURUSD has retreated to channel support in the wake of oppressive GDP figures while USDJPY has carved out a head-and-shoulders pattern on currency war chatter. Both seem on the verge of reversal, but we do not yet have all of the elements for a committed trend – much less a dramatic change of course. With a keen eye on the incredible complacency in volatility measures and sentiment benchmarks like the S&P 500, the hurdle is whether risk appetite is revived or reviled. In the weekend video, we discuss the G20 meeting and Euro-area event risks’ influence over sentiment with a direct focus on EURUSD and the yen crosses.
Video Rating: 5 / 5

One Response to “Forex: EUR/USD and USD/JPY Reversals Depend on Stimulus or Risk Trends”

  • Walt Metts:

    Buy AUD/NZD at 1.20000 – big equidistant channel right there
    CAD/JPY is very interesting. I want to buy this pair and hold it up to 97.00. That level is a 50% retracement from the highs in 07 to the lows after the crisis. also it is the top of a very important ichimoku cloud on the monthly chart That being said, USD/JPY could go higher than 95.50 and not reverse from there. I see that RSI too John lol but I think we ought to just hold our breath and just buy right now

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