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GBP/USD Technical Analysis – Prices pulled back from resistance at 1.5171 marked the 38.2% Fibonacci retracement and reinforced by a formerly broken rising trend line. Near-term...
US Dollar Technical Analysis– Prices turned lower as expected, finding initial support at 10803 marked by the 38.2% Fibonacci retracement. A bullish Piercing Line candlestick pattern...
EUR/JPY Technical Analysis– Prices are testing resistance at 130.72, the 38.2% Fibonacci expansion, once again, with a break higher targeting the 50% level at 132.50. Trend...
EUR/USD Technical Analysis– Prices put in a Hanging Man candlestick on a test of resistance at 1.3085, the 50% Fibonacci retracement, hinting a turn lower may...
USD/JPY Technical Analysis– Prices are testing resistance at 100.06, the 23.6% Fibonacciexpansion, with a break above that exposing the 38.2% level at 101.19. Near-term support is...
NZD/USD Technical Analysis– Prices continue to drift sideways above support at 0.7682, the June 24 low. Resistance is seen at the top of a falling channel...
GBP/JPY Technical Analysis– Prices continue to track sideways below the 23.6% Fibonacci expansion at 150.72. Near-term support is at 149.30, the 38.2% level, with a break...
AUD/USD Technical Analysis– Prices are testing resistance at the top of a falling channel set from April, with a close above this boundary exposing the 23.6%...
THE TAKEAWAY: An attempted recovery from the US Dollar has been cut short at technical resistance while the SP 500 has pushed higher to challenge the...
Traders looking to capitalize on persistent yen weakness should likely target one pair in particular, staying cautious around some clearly defined technical exhaustion levels in the...