GBPUSD had reached the rising trend line on 4-hour chart. However, the fall from 1.6277 is still treated as consolidation of uptrend from 1.5344 (Dec...
GBPUSD had reached the rising trend line
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EUR/JPY technicals: scope to fall to 130.60
Price has now fallen below the short term moving averages and many model players will now await a negative cross. The breakdown level was 135.80 and that should now prove to be a good short-term resistance level. Next support can be found at a series of former highs around 133.30. The target for...
FOREX VIDEO - ASIAN OUTLOOK NOVEMBER 23rd 2009
Hello everyone. For todays preview video, I would like to look at the GBP/JPY longer-term and as part of the analysis provide an update on the GBP/USD. Please note the shorter week for the US equity markets. Thin market conditions will exist. Be careful with your trading this...
Minor technical support at 133.30 in EUR/JPY
The fall in USD/JPY (96.70 at time of writing) shows no sign of letting up and EUR/JPY has fallen to 133.30, which was a series of previous highs which should now offer some minor support. Below here, and we look set for a big fall to the major trendline at...
Forex news: the euro advances against majors
The euro increased against the dollar and the Swiss franc as the European stocks jumped today ahead of a key U.S. employment report. Meanwhile, the euro recovered its Asian session's loss against the pound and the yen. The euro strengthened against the dollar in early deals on Friday. Currently,...
EUR/USD Pops Despite Higher Than Expected EU UnemploymentEUR/USD Pops Despite Higher Than Expected EU Unemployment
By Fast Brokers - Volume topped out yesterday as anticipated and the EUR/USD slipped down towards our 1.4117...