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Daily Market Analysis 16/08/2021: USDJPY

Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.478 with take profit at 109.671. Bearish Preference: Sell position is envisaged if price trades below 109.228 with take profit at 109.051. Fundamentals:No major fundamental. Comment: The US Dollar is seeing some movement Friday morning. USD price action has been trading on its back foot for most of …

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Daily Market Analysis 10/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17409 with take profit at 1.17560. Bearish Preference: Sell position is envisaged if price trades below 1.17122 with take profit at 1.16971. Fundamentals:No Major Fundamental Comment: The disappointing ZEW Survey readings from the euro area seems to be weighing on the shared currency on Tuesday. The …

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