BOJ could attempt jawboning, dollar unlikely to see a clear trend – Hantec Markets

In today’s Forex Forecast video, we saw Richard Perry, Market Analyst at Hantec Markets, present his view on Cable amid Brexit saga, Dollar-Yen pair, EUR/USD and Gold. Cable is all over the place and there is no meaningful trend in the pair at the moment, said Perry and added further that the pair is largely responding to opinion polls. Market is still concerned about Brexit and is not really sure how to position itself ahead…

"BOJ could attempt jawboning, dollar unlikely to see a clear trend – Hantec Markets"

My first attempt at a trade idea for EUR/USD. Constructive criticism is welcomed!

[EURUSD 4H chart](http://imgur.com/a/Bp0OH) [EURUSD 30m chart](http://imgur.com/a/y93nI)   **My idea**: Go long at 1.0600 and sell at the next resistance line at 1.0708 (108 pip profit). Eventually make a trailing stop to protect my potential profits   **Reasoning**: 1. Trend line has held 3 times previously 2. RSI shows over-selling     **Doubts about this idea**: The candlesticks on the 4h chart do not indicate any bullish reversal… yet. Maybe I should wait and see what…

"My first attempt at a trade idea for EUR/USD. Constructive criticism is welcomed!"