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Thursday 5 January 2017

Daily Market Roundup (January 5, 2017): DailyForex.

Published on 5 Jan 2017
There were no big surprises from the FOMC Meeting Minutes. The U.S. Dollar sold off convincingly during Asian trade, with the Japanese Yen advancing strongly.

The EUR / USD currency pair rose into a deep pull back within the bearish trend, and looks set to retest 1.0589.

The USD / JPY currency pair has sold off strongly, breaking support at two round numbers and currently trading below the 115.00 level.

The GBP / USD currency pair rose into a deep pull back within the bearish trend, and looks set to retest 1.2388 after breaking several resistance levels.

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