Euro/Dollar has had a bearish session, and a loss of 128 pips left it point 63% in the red at noon. Traded volume is exactly in line with the monthly average, and the neutral trader’s sentiment stands at 4% short. Bearish bets should be successful, but bulls will face losses. The Cable’s daily volatility of … Continue reading Midday Forex Snapshot – August 17, 2017
The Dollar/Yen had a slight follow-through to the downside following yesterday’s huge reversal. The price action suggests investor indecision and impending volatility. In other words, the longer the Forex pair remains inside a range, the greater the breakout once investors decide which way they want to take it. At 1000 GMT, the USD/JPY is trading … Continue reading USD/JPY Fundamental Daily Forecast – Range Bound? Or Setting Up For An Upside Breakout?
The GBP/JPY has made a temporary bottom at 141.25 and we can see MACD divergence that could push the price to the upside.141.25-50 is the zone where price might spike towards the 142.60-85 where new sellers might be waiting. Only a clear 4h close or h1 momentum above 142.90 should target 143.40. Bearish continuation happens … Continue reading GBP/JPY MACD Divergence At Monthly Support