Tag Archives: GBP/USD

Daily Market Technicals

The recent build-up of pressure on the 21-DMA resulted in the first pop above since July but the failure to close above and

EUR/USD has broken the hourly resistance areabetween 1.2699 (02/10/2014 high) and

Today’s highlights: DXY $ Index below 85.45 has completed a small top,

The USD has weakened in Asia. Although EURUSD is stable at 1.2740,

Sterling nailed the wave-(b) target by extending to 1.236 x wave-(a) which is an ideal move.

The pair closed in NY at $1.6165, just off late session highs of $1.6181 after rate had been driven higher on

The rally from just short of the $1.2500 level continues with the EUR/USD now approaching the 21-DMA.

The collapse in the U.S. 10‐year yield back to 2.34% (within range of the year‐to‐date low of 2.30%) and

Today’s highlights: EURUSD above 1.2689/99 can see the formation of

The USD recovered slightly in Asia. The EURUSD edged down to 1.2633,

The pair closed in NY Tuesday at $1.6097 after rate had managed to extend its corrective recovery off

Bulls are taking a little comfort in the bounce from just short of the key $1.2500 level when combined with