Usd coming out strong and on all fronts after the Taper decision and announcements on Economy
just an hour ago - all other majors seem to be in trouble

But what does it mean for trading in the coming weeks:
some interesting technical pictures seemed to be formed:

Usd/Cad has broken up out the wedge and has reached new multi-year highs,
because the Euro and Gbp have been dealt a blow for now,
the Yen crosses seem a bit reluctant to move higher at the moment,
while Usd/Jpy has just about put in a reversal - this pair looked on its way down below 100
and has turned around upward, being stopped for now at 102.7 resistance

I have shorted Eur and Gbp, but am cashing in now,
and looking for a break of 102.7 in Usd to go long Eur/Jpy, and Gbp/JPy
Translate to English Show original