Daily Perspective – 07/01/2019

The US Government shutdown seems to be the biggest geopolitical factor moving markets.

With no resolution in the near future we should expect a bit of volatility as words are moved around.

EURUSD

The pair is bullish with prices likely to go to R100 to R138.

If the bears take dominance, the pair will drop past S61 resistance level.

GBPUSD

We are bullish and expect prices to go to resistance level R100 a downward move could see prices below the daily pivot past the S61 support level.

USDCAD

The pair is still very bearish, prices may go past the S138 support level, though there could be a minor retracement of prices that may see price go past the daily pivot level to R38 before a drop down.

USDJPY

We are bearish on this pair, price is at the daily level and is likely to fall down past the S100 support level. A move up will push prices to the pre-crash levels at R100 resistance levels.

Happy trading.

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