FOREX FORECAST FOR 4 SEPTEMBER

FOREX FORECAST FOR 4 SEPTEMBER

4 September 2017, 15:45
Real Trade
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USD/JPY

The pair closed at 110.25 on Friday, but this morning it was opened with a fall.

A quick and strong recovery from the low seems to be able to close the gap, but a stable move above the 110.25 seems unlikely.

Support is located at 109.50, followed by a minimum of 109.30.

EUR/USD

The pair reached the high of 1.1979 last Friday, but quickly turned down, reaching a low of 1.1848.

The current movement is considered within the consolidation phase, and further trade between 1.1770 and 1.1980 still seems likely.


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