Wednesday, May 30, 2018

WEIRD…

Yes, weird. 

EURUSD saw Dollar bullish gains.
GBPUSD saw Dollar bullish gains.
USDCHF saw Dollar bearish losses.
USDJPY saw Dollar bearish losses.

What the fer-lip? 

Today should see corrections in EURUSD and GBPUSD. 
USDJPY and USDCHF? Well, I won’t say it will be anything. I still feel that both these two pairs still need Dollar losses but there will be a risk of corrections, perhaps range trading. Basically, these two are rather difficult to judge at this point but I wouldn’t mind suggesting Dollar losses overall – but we need care initially.

The Aussie appears to be close to the Wave ^B area. Once that has been seen, we’ll likely see gains again. 

EURJPY… super charged with both USDJPY and EURUSD seeing some solid losses. It should see a modest pullback but there will still be new low at a later stage…

Good trading
Ian Copsey  






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