US Dollar jumps across the board as the Fed stay hawkish on hikes

Another hike in 2017 looks even more certain, and we have an even more hawkish 2018 to look at.

USDJPY has jumped to a high of 112.11, just shy of the old 38.2 fib at 112.14, and the 100 DMA at 112.20.

USDJPY daily chart

USDJPY daily chart

112.50 is still the big level worth watching should we push on.

GBPUSD is hovering above 1.3510 and EURUSD is near 1.1910.

Expect some choppy trading until we get the why’s and wherefores from Yellen in around 10 minutes.

 

 

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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