Forex Technical Update 7/19/2010 – Greenback and Japanese Yen Gains During Risk Aversion
Forex Technical Update 7/19/2010 Fan Yang CTA www.FXTimes.com This week, equity markets started somewhat subdued, with Asian markets sliding, and European and US markets giving away early gains. The dollar and yen were mainly gainers to start, but the dollar’s strength fizzled during the European session. The Euro also continues to position strongly. I will briefly go over charts of the EUR/USD, GBP/USD, USD/JPY, GBP/JPY, and AUD/USD.
Thank you for your analysis. Most of your expectations were correct!