Forex Opinion & Analysis

GBP/USD Open 1.5982 High 1.6023 Low 1.5943 Close 1.5984On Monday GBP/USD decreased with 60 pips. The Cable depreciated from 1.6023 to 1.5964 yesterday, in line with the negative money flow sentiment...

EUR/USD reversed sharply to the downside in the last few days, clearly in five waves from above 1.3800 with a daily and weekly close price beneath the channel line connected from July lows. This break...

This is a quick update to the EUR/JPY analysis posted earlier this week:The downside breakout to the wedge looked promising last week, however we also raised the string possibility of bullish gains...

With US, Canadian and French bank holidays on Monday, trade was slow and nothing notable changed over the course of the trading day. The Dollar consolidated mildly, which aided a slight Euro bounce,...

TodaySo really quick update today as very little happened in light volume.Essentially key theme today was the Euro was about the only thing with any volume and so all the crosses pushed off of that,...

Main scenario:The pair is trading along an sideways trend.An uptrend will start from support level 1.3380, which will be followed by moving up to resistance level 1.3470 - 1.3515.Alternative...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.30; (P) 158.56; (R1) 158.78;Intraday bias in the GBP/JPY remains neutral for the moment. Above 159.52 will extend the larger rally. But in that case, we'd...

The yen weakened against most major counterparts today on low safe haven demand as investor confidence has been bolstered by improved US economic data.Despite expectations of the Federal Reserve...

EUR/JPYBIAS: Until the 133.72 high is broken there is still risk of a correction lowerResistance: 133.14-20 133.52-72 134.20-30 134.75-80 Support: 132.55-70 132.20 131.75-90 131.21MAIN ANALYSIS: The...

EUR/USDTrading range: 1.3410 - 1.3335Trend: NeutralSell at 1.3397 SL 1.3429 TP 1.3347USD/JPYTrading range: 99.35 - 100.05Trend: NeutralBuy at 99.49 SL 99.17 TP 99.94 GBP/USDTrading range: 1.6000 -...