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29 Jun 2015
USD Analysis: EUR/USD hurt by Greece; USD/JPY shorting opportunity – FXStreet
FXStreet (Barcelona) - Dale Pinkert in the FXStreet Live Analysis Room, discusses the outlook for FX and further maintains a short USD/JPY position.
Key Quotes
“All over Greece. The Greece crisis hitting markets as the Tsipras call for referendum sent the Euro to lows. The US Dollar index DXY approaches to the 97.00 sell zone; but it's not just price it's how price gets there.”
“EUR/USD attained levels of support forecasted last week at 1.10 but with huge gap lower the lows were confirmed; no divergence on 1 or 4 hour time frames. The GBP/USD held up better, it achieved first objective of 1.5660, it still has 1.5540 in sight.”
“Shorting USD/JPY after NFP and Fed worked both times this month. Now, selling USD/JPY at 1.2340 with stops above 124.20 looking for 118.00.”
Key Quotes
“All over Greece. The Greece crisis hitting markets as the Tsipras call for referendum sent the Euro to lows. The US Dollar index DXY approaches to the 97.00 sell zone; but it's not just price it's how price gets there.”
“EUR/USD attained levels of support forecasted last week at 1.10 but with huge gap lower the lows were confirmed; no divergence on 1 or 4 hour time frames. The GBP/USD held up better, it achieved first objective of 1.5660, it still has 1.5540 in sight.”
“Shorting USD/JPY after NFP and Fed worked both times this month. Now, selling USD/JPY at 1.2340 with stops above 124.20 looking for 118.00.”