Another week is over ... what a crazy week. The forex markets have been reacting very wild to fundamental news, making it very difficult for a technical trader like me, esp. when I am still a novice trader.
There's no clear direction for the EUR.
GBP closed the week with a doji with slow stoch. in the over sold regions. A reversal is probable, though not definite. If it does reverse, it could retrace up to around 1.7400 to 1.7720 regions before turning down again.
JPY could be reversing soon. If it does retrace upwards, it could go back up to 101.30 to 103.00 regions before turning down again, where I think it will test 97.00.
Custom Search
No comments:
Post a Comment