Further Dollar gains
|It wasn’t quite the way I wanted yesterday. The very best pairs were in GBPUSD and EURJPY. Otherwise, it seems as if we had a little more development to be seen in the rest of the pairs but after the highs in EURUSD and a minor new low in USDCHF (that I had warned could happen) it looks like now that we have all the 4-majors looking towards a consensus in a Dollar bullish development. Even then, due to EURUSD making a new high, this tends to suggest bearish foundation waves – and for GBPUSD to extend losses again today.
After having completely screwed up the bullish move in USDJPY, I had to work hard to establish the bullish move and that should also see USDCHF make further gains. I suspect this will form the foundation waves for some decent Dollar gains.
AUDUSD is now looking for losses. EURJPY should see losses resume…
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