crosses-23-feb-095

Forex Trading News

The EUR/GBP has broken below the 0.8800/10 level i previously mentioned,but it needs to go in with it and consolidate below 0.8780 to turn the focus back on 0.8650.

This has seen the EUR/USD pulled lower with it looking like retesting the 1.2800 level sometime soon. Expect stops to be building below 1.2770.

The USD/JPY has also taken out the technical resistance at 94.50and headed to a high of 94.95 and could now target 96.00 if it can consolidate above 94.50.