EUR/USD Forecast: Decline paused but lower lows are still at sight
The EUR/USD is ending Thursday with modest gains around 1.1670, although it posted a lower low for the week at 1.1626.
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GBP/USD holds on to gains around 1.2750
GBP/USD retains early gains after UK Chancellor Rishi Sunak said the government is developing plans to protect jobs and the economy over the winter, proving n further details. BOE Bailey’s speech in focus.
USD/JPY: The pair is moving into a very congested price area
It's fair to say that USD/JPY has not been the most interesting currency pair over the last couple of months. The pair sprung into life when the Yen strength kicked in on 14th September.
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![Joseph Trevisani]()
Remember, if you can provide a logical structure for the change in trend and if there is evidence, even if very preliminary, then you are not picking tops and bottoms but choosing a new market direction.
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