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Forex Forecast: USD/JPY range trade ahead of Fed hike, EUR/USD upside towards 1.1070

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    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

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