Forex Technical Analysis

/Forex Technical Analysis

GBP/JPY: Q3 Bullish Breakout Takes a Step Back

2018-07-21T13:13:16+00:00

GBP/JPY started the quarter on a bright note even in light of ongoing Brexit dynamics. But the past week has not been as kind to GBP/JPY bulls as prices dropped each day Monday-Thursday.

GBP/JPY: Q3 Bullish Breakout Takes a Step Back 2018-07-21T13:13:16+00:00

USD Rise at Risk of Topping Out as Trump Signals Displeasure

2018-07-21T13:13:16+00:00

USD surge since mid-April may have run its courses as Trump signals displeasure, while large USD long positioning suggests there is scope for only a modest push higher.

USD Rise at Risk of Topping Out as Trump Signals Displeasure 2018-07-21T13:13:16+00:00

South Africa’s Rand underperforms After Reserve Bank Commentary

2018-07-21T13:13:16+00:00

The sharp weakening of the rand yesterday see’s the USD/ZAR breaking out of a short term wedge consolidation, to resume the short term uptrend in line with the longer term uptrend

South Africa’s Rand underperforms After Reserve Bank Commentary 2018-07-21T13:13:16+00:00

GBP/USD: Cable Bounce After Test Sub-1.3000, Pullback or Reversal?

2018-07-21T13:13:16+00:00

GBP/USD traded below a key level this morning, albeit briefly. And with a rate hike out of the BoE in two weeks no longer looking so likely, the prospect of a deeper bearish move in the pair continues to exist.

GBP/USD: Cable Bounce After Test Sub-1.3000, Pullback or Reversal? 2018-07-21T13:13:16+00:00