Search ForexCrunch

“BoJ Intervention likely” says Steven Woodcock, Senior Analyst at Plutus FX, as we look at the technical outlook for GBP/USD, EUR/GBP, EUR/USD and USD/JPY in today’s Forex Forecast video, joined by Zak Mir, Technical Analyst at ZaksTradersCafe.

Key Quotes

GBP/USD – Trading extremely heavy and the rallies are getting shallower. Buy the range floor, sell the range top as GBP remains a range trade.

EUR/GBP – Party for bulls. 0.8120 – 0.8040 is the current small range – a range trade, but still looking bid. GBP will be under pressure as we head into the Brexit vote.

EUR/USD – pushed around by the dollar

USD/JPY – BoJ intervention likely. BoJ will pick a level to intervene. 108.25 likely to offer some support.

Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.