USD/JPY Trades Lower After False Breakout
The USD/JPY has turned lower this morning, after initially attempting a bullish breakout.
The USD/JPY has turned lower this morning, after initially attempting a bullish breakout.
Dow Jones reverses as anticipated and the selloff could give back 5-7% of the recent gains. Using a triangle pattern as the analog, we anticipate support near 16,500.
Gold prices fall to 4 week lows. Sentiment and technical analysis suggest a turn may be forming nearby.
The GBP/USD continues to decline towards new weekly lows.
The EUR/USD has opened Mondays trading, moving inside of a 44 pip trading range.
The GBP/USD continues to rally after today’s BOE rate decision.
The EUR/USD continues to range despite better than expected Retail Sales figures.
Dow Jones pressed into the target zone, the patterns appear shifting towards an ensuing sell off. Below 17,000 suggests a high is in place.
After initially trading higher on unemployment data, the USD/CAD is now breaking to new monthly lows.
The EUR/USD is moving towards weekly lows before tomorrow’s ECB rate decision.