What about USDJPY, What's going on??
Weekly Forex Forecast (August 13 - 17, 2018)
The U.S. dollar made a big push last week, sending the EURUSD and other major currency pairs lower. It also put an end to the range-bound price action that persisted for more than two months. After retesting former wedge support as new resistance last week, the single currency plummeted more than 200 pips. I first mentioned this continuation pattern on August 2nd and again last weekend, so this was no surprise to readers. Not only did the EURUSD drop 200 pips in 48 hours, but it also took out range support that had held since late May. As such, any retest of the 1.1510 area this week will likely encounter an influx ... (full story)