The Eur/Usd is trading back towards the 1.3550 area, and the same place where the pair failed over the last three days of trading. A break above this level would signal that the pair’s near-term price action has switched to long. However, the medium to long-term outlook remains to the…
Price action on EUR/JPY, a daily chart of which is shown, has made a tentative breakout above the horizontal neckline of a well-formed inverted head-and-shoulders formation (a bullish reversal pattern). This neckline resides in the important 125.00 price region. The key initial upside target on this neckline breakout resides in…
Although intra-day rise to 1.5188 suggests the rebound from 1.4798 may extend gain to 1.5250, as broad outlook is still consolidative and cable should continue to trade within early established range of 1.4781-1.5382, upside should be limited to 1.5300 and bring retreat later. Below 1.4983-93 (current level of the Ichimoku…
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