Trading news

GBP/JPY bearish channel in progress

The GBP/JPY has been contained within a bearish channel and it is bouncing from the support caused mainly by news that DB (Deutsche Bank) is closer to finalizing their claims with US regulator. German equities are up, FTSE is also up but GBP is still down as suggested in my previous GBP study.

Technically POC (H4, the top of the channel, 50.0, historical sellers) comes within 131.20-35 zone but we should also pay attention to H3/EMA89/38.2 strong resistance around 131.00 round number. The rejection is targeting 130.15 and on H1 momentum or H1 close below 130.07, next target is 129.75.

Tuesday, 04 Oct, 2016 / 1:25

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.admiralmarkets.com/analytics/technical-analysis/

Trading news

 

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under

Dollar succumbs to Powell’s dovish tune; stocks mixed

  Powell reiterates that rate hikes are a long way off, pressing [...]

Posted on Thursday, 15 Apr, 2021 / 10:15 under

Crude oil recorded sharp gains on Wednesday, notching the highest finish since mid-March.

Recent demand updates from several agencies signalled increased uptake of oil [...]

Posted on Thursday, 15 Apr, 2021 / 7:53 under