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Published on Dec 6, 2016
The
market recovered very strongly from the initial bump off the Italian
“No” vote, sending the Euro rocketing up and giving stock markets a rise
also.
The EUR / USD currency pair made a new 20-month low, but then recovered extremely strongly to trade above 1.0750 as London opens.
The USD / JPY currency pair now seems to be beginning a consolidation pattern above 113.00, bounded by a high below 115.00.
The GBP / USD currency pair continues to look bullish but fragile, as it trades above 1.2750 and makes new 2-month high prices.
The EUR / USD currency pair made a new 20-month low, but then recovered extremely strongly to trade above 1.0750 as London opens.
The USD / JPY currency pair now seems to be beginning a consolidation pattern above 113.00, bounded by a high below 115.00.
The GBP / USD currency pair continues to look bullish but fragile, as it trades above 1.2750 and makes new 2-month high prices.
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