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USD/JPY range trade ahead of Fed hike, EUR/USD upside

In today’s Forex Forecast, the USD/JPY and EUR/USD were the focus for Wilson Leung, Managing Director for Trendsetter FX, when he joined Nick Batsford on the Tip TV Finance Show.


USD/JPY to remain range bound until Fed meeting

Leung believed that the range 122.30 to 123.77 will continue on the pair until we are likely to see action from the Federal Reserve next week.

End of the downtrend for EUR/USD – upside ahead towards 1.1070

Parity is not on the cards for the pair, and Leung continued that the decline in EUR/USD from August has come to the end, with him favouring upside, after consolidation over the next 1 or 2 days. He targeted a break of the 1.09 level, before heading higher to 1.1070.

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Tip TV is a daily live finance video show, created for the financial trading community. Based in St Pauls, in the heart of the City of London, Tip TV is dedicated to supplying viewers with the very highest caliber guests with insightful and actionable infotainment.