Trading Room

Weekly Forex Analysis April 11 – 15, 2022 – Key Points That May Influence The Market This Week

April 11, 2022 | 1:17 pm | The 5%ers' Blog > Trading Room
April 11, 2022 | 1:17 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis April 11 – 15, 2022 - Key Points That May Influence The Market This Week

JPY is at a huge resistance zone, with the possibility of a retracement in USDJPY and EURJPY pairs.

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In today’s trading room, we discussed several subjects that may influence the market for the following week.

First, the French election with the poll of the first presidential round, where Macron is leading. This affected the EUR to open with a gap-up at the opening of the week.

Secondly, the JPY is continuing its bullish movement. The JPY is still in a huge resistance zone, and we wouldn’t be surprised if we see some retracement in the USDJPY or EURJPY.

Also, we talked about Oil that reaches below $100/barrel at the opening according to the fear of lower consumption in China with a potential lock-down caused by the Covid.

Finally, the USD is still getting stronger, supported by the 10Y treasury bonds.

 

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