The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD/JPY: forecast for Aug. 28 - Sep. 1
The current resistance line at 109.80 is reinforced by the former support and now resistance line connecting April and June lows. Support is at 108.80. Decline below this level is needed to bring the pair down to 108.00 and 107.50.
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.