In today’s forex forecast, we cover the technical outlook for USD/JPY, EUR/GBP and WTI Crude, with Craig Erlam, Senior Market Analyst, Oanda, joined by Nick Batsford, CEO at Tip TV and Mike Ingram, Strategist at BGC Partners.
Key Points:
USD/JPY: Approaching key support near 115.50. People remain bearish. Breaking below 116-115.50 support will see a move lower towards 110.00 levels.
EUR/GBP: Technical charts favour the bulls.
WTI Oil: Seeing support around $30 level. Could see a minor retracement. 34$ might be on the cards.
