GBPJPY has been trending lower since breaking below the head and shoulders neckline recently. Price has reached a low of 136.40 before pulling up and showing signs of a correction. Applying the Fib tool on the latest...
The US dollar bounced a bit against the Japanese yen, but gave back some of the gains towards the end of the session. Given enough time, I think we get a supportive daily candle, but I don’t...
The USD/CAD pair rallied on Wednesday, as the 1.30 level should continue to be supportive. If we bounce from here, I think it’s only a matter of time before the sellers get involved again. Alternately though, if...
The British pound fell on Wednesday, but found enough support near the 1.2250 level to form a slightly supportive looking candle. The 1.25 level above is massively resistive, so I think somewhere near that area the sellers...
The EUR/USD pair initially fell during the day on Wednesday, testing the 50-day exponential moving average. By doing so, looks as if we are going to try to reach towards 1.0750 level above, which I think is...
The Australian dollar fell initially on Wednesday, but found enough support to turn around and formed a hammer. If we can break above the top of the hammer, I believe that the market will continue to go...
The USD/JPY pair broke down during the session on Tuesday, slicing through the bottom of the hammer on Monday. This of course suggests that we are going to go much lower, and I believe there is a...
The US dollar fell significantly during the session on Tuesday, testing the 1.30 level. It now looks as if the market is going to try to break down and we could go below the 1.30 handle, the...
The British pound skyrocketed after Teresa may suggested that the UK would be working very closely with the EU after the exit. I’m not sure why traders thought any different, but it’s obvious that the buyers have...
The EUR/USD pair rallied on Tuesday, as we reach towards the 1.07 level. There is quite a bit of resistance all the way to the 1.0750 handle, so I’m not ready to start buying just yet. I...
