Some interesting action taking place on Friday with especially a bearish key day reversal in USDJPY and a bearish key week reversal in EURGBP noted. OIL also looks like its ready taking a dive.
EURUSD an hourly repetetive bearish pattern suggests more selling in the pipe, USDJPY more losses lies ahead, EURGBP watch out exiting the bear flag, EURSEK should slide lower following a corrective path and so should EURNOK. USDSEK & USDNOK probably a little lower initially but will soon be picked up, USDZAR a very bullish hourly wave pattern in place, BOND yields should continue lower after more evidence of completed corrections, GERMANY/FRANCE 10y spread should signs of widening, EQUITIES holding up but remain fragile.
Click here to read the full report: Technical Alert
SEB tech team