Euro good for scalping, NZD/USD bids noted around 0.69 - ForexLive

In today’s Forex Forecast video, Ryan Littlestone, Director at ForexLive, offers the technical view on GBP/USD, USD/JPY, EUR/USD, and NZD/USD, also joined by Zak Mir, Technical Analyst at Zak’s Traders Cafe, and Alan Green, CEO at Monk Communications.

Highlights:

“Cable has been falling after it received kicking by the non-farm payrolls which came just after the BOE bazooka. It’s on the back-foot today and could continue floating on data ahead of the next rate decision.”

“Euro literally dead, good for scalpers.”

“USD/JPY – strong jobs report pushed the pair higher. Initial reaction was lackluster, but slowly and surely USD/JPY strengthened.”

“NZD/USD – Interest rate cut and dovish outlook could weigh over the pair. Longs could be build around 0.69.”