JPY Daily Review for November 6, 2017
|EUR/USD: Bearish (since 27 Oct 17, 1.1640): Scope for extension to 1.1530.While we continue to hold the view that the current weakness has scope to extend lower to 1.1530 (see Chart of the Day on 27 Oct, spot at 1.1640), EUR has been trading mostly sideways since then. Downward momentum has waned with the consolidation and this does not bode well f|
|The series of failed attempt to test the July-high (114.50) raises the risk for a near-term correction in USD/JPY as the pair preserves the range|
|The US dollar had a volatile session on Friday as the nonfarm payroll number came out less than anticipated. However, the 114.50 level above is massive resis…|
Have a nice trading!