The U.S. dollar/Japanese yen (USD/JPY) currency pair went out of the red wave 4 triangle and down into wave 5 to lower levels. Currently, we are trading around potential resistance for the black wave 4 in the red wave 5 and we think one more push d
Worries that Britain could vote to leave the European Union in two weeks' time spread across the currency market on Friday, with the safe-haven yen hitting an eight-week high as investors ditched riskier assets for safety.
The pound was struggling on Wednesday morning to add to the gains made Tuesday when fresh polls showed support for remain was narrowly ahead of the exit camp, contradicting surveys released on Monday and at the weekend which had suggested the campaign for Brexit was ahead.
Fundamental indicators rose in priority as the U.S. Federal Reserve had signalled in the Federal Open Market Committee meeting minutes that its members would consider a rate hike in June if the economy improved. The two indicators released on Friday depreciated the USD across the board. The U.S. non farm payrolls (NFP) recorded a two-year low at 36,000 jobs added in May.