Last week the USD broke the 8200 level after testing it a few times.
This week I expect the USD to retest the 8200 level as a resistance before falling further.
For the FX majors, I expect
1) EUR/USD to retrace to 1.318 before attempting any longs to follow the trend
2) GBP/USD to retrace to 1.53 before attempting any longs to follow the trend
3) AUD/USD remains range bound between 0.900 to 0.935. Will have to be careful if the range is broken.
4) USD/JPY to fall further to between 97.0 - 97.5 level.
5) USD/CHF remains supported by the Fib786 at around 0.925.
Volatile week ahead with US Q2 GDP and NFP data coming.
Good luck and be safe.
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