Forex Opinion & Analysis

The USD/JPY reversed higher in impulsive fashion from 102.80 where we see a completed three wave decline. Three wave moves represent a corrective price action which was mostly the case on this pair...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.95; (P) 170.86; (R1) 171.54; Intraday bias in the GBP/JPY remains neutral at this point. With 173.12 minor resistance intact, the correction from 174.84 is...

EUR/USDTrading range: 1.3635 - 1.3560Trend: DownSell at 1.3622 SL 1.3654 TP 1.3571USD/JPYTrading range: 104.20 - 104.85Trend: UpBuy at 104.31 SL 103.99 TP 104.73GBP/USDTrading range: 1.6350 -...

Our previous forecasts headed in our direction for the most part, especially the EUR/USD, GBP/USD, the oceanic pairs, and EUR/JPY. As we had thought US dollar had mixed sentiments through the day...

The euro has been losing a lot of ground versus the other main currencies, and against the yen it is trying to head back to the support at the 141.00 level. As we can see on the daily chart below, it...

GBP/USDOver the last month or so the GBP/USD has established and traded within a trading range roughly around the key level of 1.6450. Towards the end of last year, the pound rallied higher and moved...

EUR/USDFor the last month or so the euro has steadied and established a trading range roughly between 1.3550 and the present resistance level at 1.38. Over the last week it has rallied up from the...

The European Central Bank (The ECB) in the German city of Frankfurt made a presentation of the updated banknote in the denomination of 10 euros. This bill is the second in a series of "Europe". The...