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EUR/USD, USD/JPY and GBP/USD Forecasts – US Dollar Continues to Test Other Currencies
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EUR/USD, USD/JPY and GBP/USD Forecasts – US Dollar Continues to Test Other Currencies
The US dollar has rallied a little bit against the Japanese Yen, but we are getting a little bit stretched here. What I would like to see is a little bit of a pullback in order to find value so that we can take advantage of any cheap dollars that we can find. The 50-day EMA sits just above the 150-yen level, and it is an area that I think will continue to be important—a little bit of a floor, if you will. Above, we have the 160-yen level, an are…
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