JPY Daily Review for August 7, 2017
|EUR/USD: Shift from bullish to NEUTRAL: Immediate bias is for a probe lower towards 1.1680.The sharp decline in EUR took out the stop-loss for our bearish view at 1.1770 last Friday and this signals that the bullish phase that started on 19 Jul has ended. The immediate pressure has clearly shifted to the downside even though it is too early to expe|
|Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading|
|This week’s calendar is rather quiet after an active past couple of weeks, and the U.S. Dollar is holding on to higher-low support after the|
|The US dollar did almost nothing against the Japanese yen during the day on Monday, testing the 111 level, but struggling a bit to overcome that barrier. Ult…|
Have a nice trading!