Friday, October 5, 2018

MIXED BAGS BETWEEN THE PAIRS

I have to say that the development has been rather rough and ready, but we’re expecting to see those losses. EURUSD still needs losses and USDCHF still needs gains. However, it appears that GBPUSD should be seeing Dollar losses while USDJPY needs a second rally. Coming into a long weekend, I would suggest taking care – although the focus remains in EURUSD and USDCHF to be Dollar bullish today.

The Aussie should follow EURUSD lower – and still needs a modest follow-through but I suspect by the end of the day they may complete find their lows to then move back into the range. This is will really be convenient for EURUSD and USDCHF to complete their Dollar gains for a reversal. It will then have its turn to see a Dollar bearish correction.  

USDJPY is expected to see a rally and EURUSD a follow-through lower. Thus, I wouldn’t be surprised in EURJPY that it could signal a complex correction.

Have a great weekend
Ian Copsey  






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