The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD/JPY: forecast for March 20-24
The pair is pressured by the daily Ichimoku Cloud and the 55-day MA. Below 113.00 it should drift down to 112.50 and 111.60.
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.