EURUSD 'Choppy' over coalition talks, USDJPY bearish outlook.

Nov 20, 2017, 04:54 PM

EURUSD 'Choppy' over coalition talks, USDJPY bearish outlook Ryan Littlestone, Trader & Analyst at Foresflow.live speak to Matt brown about the choppy trading in EURUSD and the potential bearish outlook for the USDJPY. Littlestone highlights the ongoing coaltion talks in Germany and how the discussions have been weighing on the EURUSD. With Merkel trying to broker a three-way Jamacian Coaltion deal comments from minority party the FDP are dictating where the Euro is going. Littlestone is bullish overall on the EURUSD pair but there are also short term trades to be had at key levels.

With the USDJPYpair showing recent weakness but still in a trading range, Litlestone notes the selling pressure has been released for now but sellers are still hitting bids when the pair moves higher.