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GBP/JPY is currently at 184.85 after a corrective move. If we can break support at this level, we can expect a continuation to the ATR target at 184.17 with further potential downside. It's important...
If the beleaguered euro and yen did not have enough to worry about already, they now have to cope with Brent oil trading above $90/bl as the Saudis extend their supply cuts through to year-end. Unless...
Business activity in the UK is losing ground, as is the case in Europe and China, although the final reading for August saw the services PMI rise to 49.5 from the first estimate of 48.7. According to...
JOLTS job openings slip to 8.827m (9.465m expected, 9.165m previously) Consumer confidence also falls but the survey is volatile Is last week’s breakout stalling? As we near the end of the...
EURUSD Strong resistance at 1.0830/40 & 1.0880/1.0900.GBPUSD strong resistance at 1.2680/1.2700 today - shorts need stops above 1.2720. NZDCAD resistance at 8080/8100 & shorts need stops above...
The ECB hawks have stepped in to revive depressed rate expectations, but markets are opting for data dependency, and EUR/USD is set to face two key risk events with eurozone inflation figures before...
Strong US data has boosted the greenback ahead of Fed Chairman Powell’s highly-anticipated Jackson Hole speech tomorrow. GBP/USD is again testing support in the 1.2625 area, and a break of this...
UK yields fall amid economic uncertainty BoE expected to raise rates twice more this year to 5.75% Cable testing key support for a second day The pound is on the decline again, having fallen over the...
Based on current trends, the GBP/JPY pair is currently at 184.44 and appears to be in a channel. If we see a break in the slope support, we may see a continuation in the downward trend towards the ATR...
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