Flash: Majors predicted - Rabobank

FXstreet.com (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank offers their predictions for top three majors.

Key Quotes:


“By the end of this year we expect the USD to have strengthened to EUR/USD 1.28 and USD/JPY 112”.

“We also expect that GBP/USD can edge below 1.60”.

“Today, the releases of US housing data, industrial production and University of Michigan confidence will be of interest”.

GBP/JPY reaffirming the channel

GBP/JPY supply has contained the sharp rally and is drifting on the offer resulting in profits ahead of the weekend while maintaining the ascending channel.
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Flash: Point & Figure price targets for EUR/USD - FXstreet

Goncalo Moreira CMT, FXstreet.com Technical Analyst notes that point and figure charts for the EUR/USD are still bullish.
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