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FX Forecast: $/¥ towards 110.00; €/£ bullish bias; WTI Oil could see a minor retracement

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s forex forecast, we cover the technical outlook for USD/JPY, EUR/GBP and WTI Crude, with Craig Erlam, Senior Market Analyst, Oanda, joined by Nick Batsford, CEO at Tip TV and Mike Ingram, Strategist at BGC Partners. Key Points: USD/JPY: Approaching key support near 115.50. People remain bearish. Breaking below 116-115.50 support will see a move lower towards 110.00 levels. EUR/GBP: Technical charts favour the bulls. WTI Oil: Seeing support around $30 level. Could see a minor

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