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
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