Currency Strength Meter: 9th August

The currency strength meter shows us that the USD has continued to weaken despite a boost to the USD via the latest job figures. The reversal pairs of JPY and AUD last week have started to show signs of a reversal especially the JPY which could offer further selling opportunities going into this week. 

Trending Pairs of the week:

GBPJPY, AUDJPY, NZDJPY, GBPUSD, AUDUSD, NZDUSD

Counter-trend Pairs of the week:

GBPJPY, AUDJPY, NZDJPY, GBPUSD, AUDUSD, NZDUSD