EUR/GBP continues to chop and offer profitsMarch 19, 2018
USD/JPY – We got our answerMarch 24, 2018
With the announcement of tariffs coming out of the United States aimed at China, this of course has a lot of traders out there concerned about a potential trade war. Obviously, the Chinese will have a retaliation, and this gives sellers of risk appetite fuel for the fire. I think that the pair currently is testing a major support level, and a breakdown below that should send this market much lower. Rallies could happen, but quite frankly it would make me nervous to be long of any risk appetite.
Watches video to find out exactly where and how I believe this market could breakdown, and what that means for targets below.