RealTraderCommunity Blog > Daily Forex Outlook > Time for a Thanksgiving pause?

Time for a Thanksgiving pause?

Same story as yesterday:

Global growth worries.

Rising US interest rates.


The supposed rebound in oil prices (even though Brent still hasn’t covered the fall from 66 dollars i.e. it’s dealing in the mid 63s.)

Trust the reporters to amp things up.

EURUSD is still aimless around 1.1380 dollars. We’re looking to sell rebounds towards 1.1410.

Spot GBPUSD is dealing 1.2770 and is still respecting a pivot at 1.2815. Watch out for institutional runs for sell stops below 1.2750.

But if spot goes back above the 1.2815 pivot, watch out for similar runs towards buy stops above 1.2870 dollars.

AUDUSD is a puzzler. It’s settling between the pivot at 72.35 and 72.70. We have no clear bias to suggest, so scalpers can just fire away.

USDJPY is dealing 113.10 yen and on the way to test the 113.40 level we mentioned yesterday.

As usual, #TradeAtYourOwnRisk this hoilday but stay at #Mocaz and #RealTraderCommunity.

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