How Have you Drawn Your GBP/JPY Daily Trend Line

August 10, 2017

Good morning traders, On GBP/JPY we have this huge trend line support level that has formed, but with the subjectivity of trend lines fresh in the mind after Tuesday’s GBP/USD blog, I want to ask the following simple question: “How …

AUD/USD Intraday Retest of Previous Support as Resistance

August 9, 2017

Good afternoon traders, We stay close to home today, with a look at how the Aussie Dollar is trading against the Greenback. AUD/USD Daily: Click on chart to see a larger view. The AUD/USD daily chart has hit major psychological …

GBP/USD Testing Bearish Trend Line Resistance

August 8, 2017

Good morning traders, The USDX support bounce that we’ve been seeing has allowed the majors to all pull back from their highs. GBP/USD is one such pair that has pulled back following the latest round of US Dollar strength and …

EUR/USD Retest of Range Breakout

August 7, 2017

Good afternoon traders, After breaking out of the following EUR/USD range, the pair has since pulled back to retest the broken resistance level this time as support: EUR/USD Daily: Click on chart to see a larger view. The NFP release …

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