In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 21st session.
USD/JPY — As you can see, we did rally a bit during the day breaking above the 109.00 level. It looks now as if we are going to probably try to go to 110.00 level. Ultimately, I think this is consolidation just as we had previously. So, I think it is only a matter of time before we test 110.00 level. If we can break there, then it is a very bullish sign. Right now though, I think that this is just a short-term buying opportunity as we go sideways. I will admit this though the yen pairs are all trying to rally. So, things could get bullish if we can break above 110.00, maybe we just bounce around here.
AUD/USD — As you can see, we rallied during the day on Thursday, with 0.7500 offering a springboard. I think that the market has plenty of support at 0.7450. A breakdown below there becomes bearish, but I think pullbacks will probably find buyers upto about 0.7600. If we can break above there, then things could get really interesting, but pay attention to Gold. It looks like it is trying to find buyers and if that is the case, then the bullish pressure should pickup.
© Prabhu for Forex Videos, 2017. |
Permalink |
No comment |
Add to
del.icio.us
Post tags: AUD/USD, technical analysis, USD/JPY
Feed enhanced by Better Feed from Ozh
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
