The provided price data is indicative and may not be appropriate for trading or decision making purposes. No financial services are offered, promoted or recommended. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. The Information provided on its website is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. USD: Despite observing a brief flicker of activity around January’s opening level on the H4 timeframe at 1. 1445, the single currency yielded ground to its US counterpart Monday.
USD: Dwelling approvals out of Australia Monday fell a further 8. November and coming in much weaker than the consensus forecast of a 2. From a technical point of view, the pair has reached an interesting support area, and we expect some technical rebound in the short term. Hi there, If you were in my weekly market outlook then i hope you are aware that where GBPUSD is being traded.
It is at a good spot where we can see one more drop before we see longer term reversal on GBPUSD. How you can trade on this chart. It bounced from key buy level 0. GBPJPY reversed off its resistance at 143. Weighted average Yen has reached to a very strong support as you can see here Also as you know we are bearish on Sterling.
After vising the upper band of the wedge it is heading down. You can guess the target for Sterling! Yep the lower band of the wedge formation. Activating Event Currency Pair creating a Double Top . GBPJPY reversed off its resistance at 1. Hi guys quick sell opportunity on GBPJPY. Kindly follow the suggested sell level on the chart and always remember to apply stop loss.