Dollar is strenghtening against all the majors, so EurUsd and GbpUsd are going downward mainly because of the expectations about another rate hike for the next Fomc Meeting. The weaker major is the JPY so UsdJpy could be the most powerful FX Major in the market right now.
TECHNICAL:
If we look at the weekly chart, we can see that UsdJpy has been supported in the green areas for the recent weeks. This is a strong bullish signal, so the next important areas of this major are between 143 and 144 for the next weeks.
TECHNICAL:
If we look at the weekly chart, we can see that UsdJpy has been supported in the green areas for the recent weeks. This is a strong bullish signal, so the next important areas of this major are between 143 and 144 for the next weeks.