vendredi 29 janvier 2016

Quick morning Forex Review

Big news overnight that the BOJ are going to have to implement new easing measures as they are not going to hit their inflation target- reversing the tapering decision that had started the move down from 123.50- New measures next month will see negative rates- Japan are struggling- USDJPY back to these highs and higher.

EURUSD- Back up at the highs so must assume its a sell up here- look for pullback this morning but i like it down to 1.0880 at least- 1.0840/20 and 1.0780 are next levels
GBPUSD- Nice close yesterday- 1.4480 is the target after pullback
USDJPY- Await pullback- next week will be a good one for trading the JPY
USDCAD- looks like there is one more push lower in this especially if oil rally to its first target for today of 36.50- this will see USDCAD hit the target of 1.3880
AUDUSD- has one push higher but has not retraced to the 38 so air on the side of caution- rejection at current levels could see a pullback to 0.7030 area.
NZDSD- At the top of its range so looking for selling opportunities untill it shows me its a breakout market- look for this to form a lower 15m high and then roll over.


Quick morning Forex Review

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