EUR/JPY had no confusion with the trend racing downside, it was heavily one way work this week, but as we enter into this week, it is all going to change, as we believe the momentum is going shift and long trade here is shouting to be placed.
Rising nearly 400 pips from the start was the hallmark of this pair last week. This move was totally unexpected and resulted from the present government in UK resigning and announcing a general election on 8 June 2017. It looks like a gamble which might or might not bring the party back to power! So at some time there would be this uncertainty and GBP could be hit. Brexit is a big thing as it affects various conditions after being in EU since beginning!
EUR/USD has been dipping with Dollar showing strong sign of improvement with rate hike for June becoming a real possibility! It is likely that we will see the pair staying steady right through before NFP comes into play. We are highly bullish on this pair for further ahead.
USD/JPY has been staying positive right throughout the week so far with Fed Interest Rate decision staying unchanged and as we go further, it will be NFP to talk about. The outcome of the event is likely to push the pair even higher. It won’t be bad time for buy here.
EUR/JPY pulled up nicely so far in the week with today also being every much steady, it is likely to stay on bullish note for rest of the week. It will be good chance to but if there is any correction, but we must not enter into any trade till there is clarity over the further direction.
GBP/USD this week has been bearish with big drop, but it did pulled back the closing which was mainly to do with Donald Trump’s action playing the lead role in pulling it down through the firing of FBI Director James Comey and also had warn him, it is likely that the effect will remain but still bearish trend is likely.
EUR/USD has been running steadily without any major push either side. However it is fair to say that the momentum is looking at bullish side, so it will be interesting where things head next. We have to be very wise with how we play it out. We are bullish on this pair as we go ahead.
GBP/USD was bearish last week, but it picked up before closing out and this week so far, it has remained on similar lines with the signs for bullish trend is continuing ahead. So, it will be interesting where it leads next but we are still bearish on this pair.
USD/JPY has been very slow and steady throughout the last week, but has shown noticeable jump this week on the opening day, it’s likely that we will see the push coming in as we go ahead in the week, bust still we see bearish trend working out overall.
EUR/JPY was steady last week on the higher side, but there is still plenty of hesitant in the moment, it tells us that there are still plenty of huddles that are required to be cross in order to get things in right way, but we are confident of the bullish trend.
USD/CHF was touch bullish last week, but things have turned somewhat and hints are coming up for bearish trend to join in, so it will be interesting as how far it all can go up. It will be good chance to have buy here if here is any further dip.
GBP/USD has dropped heavily so far this week, it has being slightly steady today but with NFP and some other major events to come, it is highly that we are going to see the thing turn, but we are strongly bearish on here, it will be good time for sell if there is some recovery.
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