Forex EUR/USD Daily Video, April 29, 2022

[Sive Morten]

Good morning,

EUR stands with 30 pips above major monthly target, while GBP already has weekly bullish "Stretch" pattern. As Dollar Index also enters resistance area, on coming week we should be ready for upside technical reaction across the board:

 

[gpeter991]

Would be interested on USDJPY if there should be any reaction/pullback from the all time high…or it is only one direction because of fundamentals and zero move of the BOJ

 

[Sive Morten]

Would be interested on USDJPY if there should be any reaction/pullback from the all time high…or it is only one direction because of fundamentals and zero move of the BOJ

Hi, IMO
With 60-80% increase commodities expenses for Japan and 20% devaluation in relation to USD, hardly big changes are possible in near term. It seems that the only chance to hold it is intervention.

 

[gpeter991]

Hi, IMO
With 60-80% increase commodities expenses for Japan and 20% devaluation in relation to USD, hardly big changes are possible in near term. It seems that the only chance to hold it is intervention.

I am short and protected, so lets see next week

 

[Pelvell]

The forex market always remains relevant and provides a more accurate understanding of the situation. All the more so as this is often corrected by precisely those changes that are linked to fundamental analysis, which is particularly valuable.