Yesterday’s break signals a short/medium term downturn, opening up potential selloffs to 1.0600, when broken 1.0475. Trade is poised for follow through selloffs today. Any corrective congestion will likely hang in narrow congestion under 1.0740 and bear flag.
Last Updated Date: 2 June 2022 @ 6:32 AM (UTC)
*Please note that all the dates are in GMT time zone
The dollar was up on Thursday morning in Asia, hitting a three week high against the yen in early Asian trading. The U.S. currency held firm and was supported by rising U.S. Treasury yields, which hit two-week peaks overnight.
