Technical Analysis

Yen crosses have moved lower with equities, commodities and a weaker US Dollar. But it is the GBP/JPY that may be hinting that a major move in FX is about to happen. What a difference a day makes it s...
Technical Analysis

During the early hours of Wednesday's trading session the common European currency against the Greenback fluctuated just below the weekly R1, which is located at the 1.0814 level. The weekly resistanc...
Technical Analysis

The strong UK inflation data yesterday helped the British currency to strengthen further against the US Dollar, ultimately causing the nine-month down-trend to be pierced. Trade even managed to close ...
Technical Analysis

Risk-aversion was driving the markets yesterday, causing the USD/JPY pair to drop for the sixth consecutive day. The Buck dropped 85 pips, which was just sufficient to close below the 11.75 psychologi...
Technical Analysis

The yellow metal began Wednesday's trading above the weekly R1 at 1,242.38, which began to provide support by the end of Tuesday's trading. The commodity price is squeezed in between the mentioned wee...
Technical Analysis

Euro (1.0794) has tested the upper end of the near term range of 1.07-1.08 on relief from French election debate in which the centrist candidate seems to have got a lead over the far rightist Le Pen. ...