USD/JPY has been testing to the downside with the price dipping just below the 110.00 figure overnight on risk aversion picked up in the London morning but recovered to 110.65 as US equities rose.
EUR/USD has bounced up from 1.1240 (76.4% Fib R of 1.1176/1.1448), forming a bull RSI divergence on the hourly chart. A corrective rally may remain elusive if the German CPI misses estimates.
You can really be profitable trading currencies, but it will take time. You can check FreshForex's website to learn more about the world of Forex. You may also avail their bonus programs.
USD/JPY
The USD/JPY pair stalled its overnight recovery mode near 109.40 levels and turned lower once again in early Asia, tracking the negative sentiment on the Asian equities that are fed by the Wall Street decline amid softer earnings reports.
GBPUSD
Retail trader data shows 46.0% of traders are net-long with the ratio of traders short to long at 1.17 to 1. The number of traders net-long is 3.9% higher than yesterday and 22.4% lower from last week, while the number of traders net-short is 2.1% higher than yesterday and 34.9% higher...
I see EUR/USD to be falling. I'm going short for this pair. The currency has breached counter-trend support guiding the retracement from mid-November lows
Stay away from shady brokers. My experience with aafx taught me that you can't trust anyone in this business. They closed my open positions out of nowhere, hence, I lost about 990$.
I like their 200% bonus program as well! Now I can trade more and be more profitable! My $500 became $1500 because of this bonus program. Keep the good promotions coming, FreshForex!