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EUR/USD: in the eye of the beholder
Last week update, purely focus on a technical perspective, showed how dangerously close the EUR/USD was to the neckline of a big H&S pattern in the daily chart.
USD/JPY: correcting maybe, but no topping signs
The USD/JPY has finally reached the 103.60 price zone, strong long term resistance: if you watch your monthly chart, you will find several lows around the level, between 2004 and 2008.
Next week data you don't want to miss
Facing the last week of the month is quite normal to see little fundamental headlines' scheduled. Market will continue speculating on economic policy decisions, although remain cautious, with several Central Banks meetings during the first days of June.
Experts do not lose faith in further Sterling depreciation
| Pair | Average levels | ||
|---|---|---|---|
| 1 Week | 1 Month | 1 Quarter | |
| EUR/USD | 1.2959 | 1.2960 | 1.2922 |
| GBP/USD | 1.5160 | 1.5213 | 1.4971 |
| USD/JPY | 101.53 | 101.70 | 102.89 |
| USD/CHF | 0.9663 | 0.9647 | 0.9682 |
EUR/USD:Almost half of the poll predicts it at or below the 1.28 figure next week.
GBP/USD: Experts account for a small recovery but do not lose faith in further Sterling depreciation.
USD/JPY: Lower forecasted average for the USD/JPY (101.50) adds credence to a temporary halt in the bullish momentum.
USD/CHF: 400 pips distribution among expects forecast's for the Swissy short-term.
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Rob Booker
- Have you ever felt pressure to make enough money trading to survive? Rob went on the road, driving across the...
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