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Forex Forecast: GBP/USD a sell around 1.5350, USD/JPY range trade, EUR/USD awaiting a flag...

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, we look at the price action for GBP/USD, USD/JPY, USD/CAD and EUR/USD with Steven Woodcock, Senior FX Analyst at Plutus FX. GBP/USD: Maintaining the bearish view Woodcock maintains his bearish stance on GBP/USD, still looking for a lower cable. At the moment, he says that the cross is trapped in a range, and he’ll be a seller for choice around 1.5330-1.5360 levels. USD/JPY: Range play The USD/JPY pair remains a range-trade, with the pair seeing sellers above 121 area

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