Technical outlook on FX majors and Bitcoin – ADMISI

Eddie Tofpik, Head of FX, ADMISI, presents his technical outlook on FX majors – EUR/USD and USD/JPY and virtual currency – Bitcoin. He is joined by Tip TV’s Zak Mir.

Key points

EUR/USD – Jackson Hole reversal move suggested where it is heading and the bearish move could be extended further unless there is a major bearish invalidation pattern

USD/JPY – All major moving averages are still sliding lower, it is breaking through resistance still pretty early to call a reversal