We have a break above resistance in the GBPEUR ahead of the ECB announcement later this week. It will be interesting what Mario Dragi decides to do this week and how the Euro and the sterling will react due to the Brexit debate unfolding
Something I noticed while trading the FX market is that most Gaps from opening of the Australian market CLOSE. This is a good way to start the week in the black. MONEY MONEY MONEY.
As the rally in US stocks continue I taught it would be a good idea to look at the USDJPY since it has been getting beat on in the last few months due to the strengthening of the Japanese Yen. BOJ has introduced negative rates to cause devaluation but that is not working. Going back to Technical Analysis, we can see some support levels that USDJPY is approaching....
