In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 27th session.
USD/JPY — We fell rather significantly during the course of the session here on Friday as the 105.00 level offered way too much in the way of resistance and of course we had quite a bit of negativity due to the fact that the United Kingdom voted to leave the European Union, that was a risk-off event. We fell all the way down towards the 100.00 level. We did find buyers below though. So, it looks like that the markets have tried to stabilize during the day. We also have the Bank of Japan intervention, after all the Swiss National Bank openly intervened. So, a short-term rally that shows signs of exhaustion is seen as a shorting opportunity.
AUD/USD — The Aussie was a little bit of a different story though, as we turned right back around to form a massive hammer. That of course, is a very bullish sign. Nonetheless, it is going to be volatile. But it looks like the Aussie is getting a little bit of a boost, due to the fact that Gold is rising.
© Prabhu for Forex Videos, 2016. |
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