We have been bullish the USD/JPY in recent articles and we are also bullish all other majors v the JPY and one of the most attractive pairs in our view is CAD/JPY. Our view on the fundamentals sentiment and technical levels to watch out for are below.
The DXY corrected to the downside and has shown some strength and now expect the USD to work its way higher with dips being buying opportunities...
We saw a big fall in USD/JPY as the record number of speculators who were long were taken out of the market on stop – We have seen some upside in the USD but expect more as the USD corrects its oversold condition.
We are bearish on GBP/USD and expect more downside in the pair and we have Both UK and US inflation data this week. Our view of the fundamentals, sentiment, and technicals are below...
We have been bearish of GBP/USD in recent articles and the GBP has fallen back but mounted a rally on Friday which we believe is a sell. Our logic in terms of the fundamentals, sentiment and key technical levels below...
Read more: GBP/USD Analysis Forecast Going Down Fade Rallies
In recent weeks we have been JPY bullish but switched to short-term bearish before the BOJ but price action so far has proved us wrong as the JPY has firmed but we expect a correction after the Fed today.
We have done numerous articles in the last few weeks in terms of GBP/USD and our bearish view and while we have seen some downside but so far its been minor but the Bank of England meeting is coming up and we expect a move up in volatility.
We have been bullish of the JPY against the USD and also in the crosses in recent articles and the JPY has seen major upside but in the short term, we are overbought and now want to sell the JPY as we come into the Bank of Japan meeting...
We are heavily bearish of the GBP and have written several articles recently on it and the GBP has fallen back a little but we now expect it to fall back a lot...
Read more: GBP/USD Forecast Analysis Falls Back from Resistance – Down Move to Accelerate?
We are bullish of the CAD in the crosses and we covered GBP/CAD in an article yesterday and in this article we will look at EUR/CAD which offers an extremely good risk to reward.
Read more: EUR/CAD Analysis and Forecast – Looking for a Trend Reversal
In terms of AUD strength and weakness a commodity to look at is Iron ore which is Australia's biggest export – AUD/USD is trending lower and while it's oversold in the short-term bounces looks like selling opportunities – the Outlook for Iron ore and AUD/USD below...
Read more: AUD/USD Iron Ore Price Drop and China to Weigh on the Aussie
