This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon
USD Analysis and Talking Points USD looks to make a test at key resistance Trend signals suggest scope for further USD gains, albeit marginal See
USDJPY Analysis and Talking Points USDJPY Breaks Above 3yr Downtrend Limited Resistance Ahead Sets Bulls on a Path Towards 114. See our Q3 JPY forecast
Pivot (invalidation): 0.7390 Our preference Short positions below 0.7390 with targets at 0.7360 & 0.7345 in extension. Alternative scenario
Key Highlights Gold price corrected higher, but it failed to break the $1,265 resistance against the US Dollar. There
EUR/GBP is osciliating around the 10-D SMA with the price holding abovethe bearish triangle’s resistance. Dips are bought at the rising 21-D SMA while RSI points
EUR/USD Talking Points: The Euro’s recent push higher still leaves it shy of a lasting reversal versus USD A resistance channel is keeping EUR/USD at
The Japanese Yen has fallen (USD/JPY up) nearly 3% from the May extremes with the price now approaching an area of technical significance. These are
Retail Traders Reduce Net-Long Positions As Price Ascends USDJPY: Retail trader data shows 42.9% of traders are net-long with the ratio of traders short to
Sterling is trading higher ahead of data releases while the yen is weaker on the day ForexLive And that is seeing GBP/JPY back on the