Paul Wallace, Coach at Trading Beliefs, joined today’s Tip TV Finance show to discuss the outlook for EUR/USD, USD/JPY and the S&P 500.
EUR/USD weekly chart
The weekly charts suggest EUR/USD broke below the triangle formation, and continuing to hold below 1.08 will see a move towards 1.0460, according to Wallace.
USD/JPY: Going long
Wallace looks at the weekly charts for USD/JPY, and notes that having broken the previous consolidation to the upside, the pair is likely targeting a move towards 125.00 levels.
S&P 500 weekly chart: sat on the fence. For further insights, watch the video.
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