GBPJPY continues to trend lower on its short-term time frames. Price is testing the resistance at 149.00 and could be ready for a drop to the channel support at 147.50. The 100 SMA is below the longer-term...
The US dollar has been very choppy against the Japanese yen during the trading session on Thursday, as we continue to dance around the 113 handle. The previous downtrend line that was the top of the channel...
The US dollar has been very choppy during the session on Thursday against the Canadian dollar, drifting just a bit lower. However, we have clear the 1.27 level over the last several days, and that is a...
The British pound has been very choppy during the trading session on Thursday, dropping down to the 1.3130 level, and then bouncing towards the 1.32 handle. I believe that this will continue to be how the market...
The EUR/USD pair has been choppy over the last several sessions, but it looks as if we are trying to roll over and continue the bearish pressure that had been so obvious late during the trading session...
The Australian dollar has been extraordinarily choppy during the trading session on Thursday, as we dance around the 0.76 handle. If we can break above there, I think we will test the 0.7650 level, but would expect...
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After falling last night to a two-day low at 1.1768, EUR/USD has gained momentum in Thursday’s European pre-opening, rising to the 1.1800 zone, where it has met resistance and has been rejected back towards 1.1770/75. EUR pending...
The US dollar fell rather significantly against the Japanese yen during the trading session on Wednesday, reaching down to the previous downtrend line of the downtrend in channel, an area that I had suspected would be support....
The US dollar initially pulled back during the trading session on Wednesday, reaching towards the 1.27 level, but bouncing from there to show signs of resiliency. We have since broken to the 1.28 level above, which will...
