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Currency Traders Eye GBPJPY Resistance At 121.00
30Rising by almost 3% since the Friday close and low of 116.86, the British pound has skyrocketed against the Japanese yen, currently trading at 120.21. Although this could be the
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USDCNY Appreciates to Record High
30On August 16th, the Chinese yuan reference rate soared to levels not seen since 1993 – rising to 6.3820 against the US dollar. Not only is this level significant –
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What’s Next For the USDJPY?
30Given recent events – probably more of the same. Even though the Japanese economy has suffered a downgrade and the country’s government released a new method of taking back control
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What Kan’s Departure Means for the USDJPY
30On August 23rd, Japanese Prime Minister Naoto Kan reiterated a pledge that he made back in June 2011. Given that two key policy measures were passed through Parliament, Japan’s 94th
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Is This A Turn For GBPJPY?
30Testing the 128.00 resistance level, EURCHF spot looks be headed for a short term decline. A failure to break above the big figure barrier would support this measure as major
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Are We Moving Lower In USDCHF?
30Likely, given the market’s demand for the safe haven status of the Swiss franc. But, it depends on some technical barriers. The USDCHF spot rate has bounced back since hitting
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EUR/USD – What next?
30At the moment, we can see that EURUSD is hovering between the 50% and 61.8% Fib levels. Stochastics looks a bit messy and AC is red. The latest H4 candle
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GBP/USD Outlook Weak
30The GBPUSD has collapsed following a breakdown of a flag technical formation this morning. Price action has fallen through the descending channel support in the 15-minute time frame, as well
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EURGBP Meandering Around 88.00
30FX Spot picks are a bit thin now – given the light summer volume and the large volatile swings that we’ve seen over the last couple of sessions. But, there
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Sellers Look To Takeover GBPUSD at 1.6000
30The GBPUSD positive correction is about to end. With the formidable 1.6000 resistance barrier ahead, there doesn’t seem to be much buying momentum left this morning. As a result, we
