Forex Opinion & Analysis

GBP/JPYCurrently we are 163.22 in a 5th wave. We are looking to continue to the S5 at 162.32 and then pullback. The average daily true range (ATR) for the pair currently is 270 pips.

A decline on USD/JPY has extended to a new low last week and is falling very sharply from 115.23 so looks like that impulsive price action can extend even to 109-110.00 area. But despite very strong...

London Forex Report: ECB ‘Will Be Ready To Act’London Forex Report: Mario Draghi said that the ECB “will be ready to act” in response to concerns on health of European banks,...

The Japanese yen has posted gains on Tuesday, as USD/JPY trades at 113.80 in the European session. On the release front, there are no key releases on the calendar. We’ll get a look at...

Market BriefBrent crude continued its winning streak for a third straight day as it moved above $34 a barrel. The US benchmark, the West Texas Intermediate, rose more than 4% and climbed above the $30...

The euro dropped below 1.1160 as ECB President Mario Draghi confirmed the central bank's easing bias. The ECB stands ready to act in the light of recent financial turmoil and would pay close attention...

EUR/USD first resistance at 1.1181/85 being tested as I write but above here we meet stronger resistance at 1.1220/23 for profit taking on remaining longs. We should struggle here but further gains...

USD/JPY holding above 114.25 now and could target resistance at 114.90/115.00. Shorts need stops above 115.20 but a break higher targets 115.45/50 then trend line resistance at 115.85/90. First...

AUD/USD now above 7150 is more positive and targets trend line resistance at 7185/90. A high for the day is possible in short term overbought conditions but a break above 7200 targets 7220 then...

EUR/GBP breaking below 7710 today targets an excellent buying opportunity at 7685/80. Stop below 7665. A break lower however is a sell signal to target 7618/15. First resistance at 7755/60 and the...

The dollar pushed broadly higher against the other major currencies on Monday, as Friday’s upeat U.S. retail sales data continued to support and as comments by Japanese Prime Minster Shinzo Abe...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.45% against the USD and closed at 0.7144. LME Copper prices rose 1.64% or $73.5/MT to $4562.0/MT. Aluminium prices rose 0.43% or $6.5/MT...