Forex: The Probability of EUR/USD, AUD/USD and USD/JPY Breakouts
Traders see the early signs for high-level breakouts and trend development, but underlying market conditions are actively working against big moves. In the weekend video, we look over the breakout and trend potential of EURUSD, AUDUSD and USDJPY amongst other pairs situated between heavy fundamentals and tepid participation. Should we ignore these high potential, low probability plays for more reserved but consistent congestion setups?
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.