Daily Forex Trading Commentary - Thursday 3rd April 2014

EUR/JPY - Price Rejects Top Of Trading Range

The EUR/JPY rejected the top of it's trading range over the last two days. We would not be surprised to see this market sell-off over the coming days and retest key support down near 140.00.

AUD/USD - Deeper Retracement Back To Key Support Remains Likely

This pair has been chopping about over the last couple of days failing to gain more momentum in the current uptrend. There remains a high chance of a deeper retracement back to key support before another leg higher. We will wait to see if this move plays out as suspected before looking for a price action buy signal on this pair.

This price action trading commentary is published by Lewis Barber and represents his current view of the forex market.

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