Forex Forecasts: Cable, USD/JPY, GBP/EUR – Plutus FX [Video]
|“Bad news out of Euro could offer support to Cable via GBP/EUR rally”, says Steven Woodcock, Senior FX Analyst at Plutus FX while detailing the possible price action in the major FX pairs – GBP/EUR, GBP/USD and USD/JPY.
Woodcock makes an interesting observation regarding the FX market activity during Tokyo lunch hours and London lunch hours. ‘Volumes take a hit during Tokyo lunch hours and that’s when BOJ intervenes’, adds Woodcock.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.