In today's forex forecast, we look at the technical charts for GBP/USD, USD/CAD, USD/JPY, EUR/USD, EUR/GBP and Gold (XAU/USD), with Steven Woodcock, Senior FX Analyst at PlutusFX, and Zak Mir, Technical Analyst at Zak's Traders Café.
Key Points
"EUR/GBP – no conviction either side."
"GBPUSD – Sticking to its levels, bounced of 1.40 level, over the course of the day there is a possibility of a big figure move"
"USD/JPY – Nuyer on dips, JPY crosses moving higher. Bias remains tilted to the long side"
"USD/CAD – Breaking above 1.34 likely to see further upside. Could accelerate reasonably quickly. Trade of the year"
"XAU/USD – Long on Gold."