The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD/JPY: forecast for August 7-11
USD/JPY was rejected by resistance at 111.00 and slid to 100.00. There the pair found support near 50-week MA thanks to the decent US labor market data.
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.