Looking at EUR/USD and USD/JPY Technicals
EUR/USD:
Reached 1.18 which was last recorded in January 2015. Still expecting more strength in the Euro therefore we could possibly see it testing 1.20.
Source: Bloomberg
USDJPY:
There seems to be some support at 110.90 however we are still expecting more strength in the Yen. Maintain short position on the USDJPY as the target price is still 108.
Source: Bloomberg
Wishing you a profitable day of trading.
Musa Makoni | Trading Specialist at GT247.com
Wishing you a profitable day of trading.
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