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A forex quick look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start the Asian session

A forex quick look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start the Asian session
The technicals for the EURUSD, USDJPY and GBPUSD have similar-looking charts in the short term. The price of each are off lows from last week, and above at least the 100-hour MA. The GBPUSD and USDJPY are trading between their 100 and 200-hour MAs. On the topside, the pairs are all below their 38.2% retracement of the recent moves lower. So the stories are similar technically. Traders will be listening to the price action in the new trading day and that will determine how the story progresses... Read More
Posted: Aug 7 2023, 20:52
Author Name: forexlive
Views: 022236

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