EUR/USD 1H
The EUR/USD pair calmed down on Monday, but already on Tuesday resumed a strong upward movement on the hourly timeframe, while remaining inside the upward channel, which is very narrow, which indicates an almost recoilless upward movement. In recent days, buyers did not completely...
GBP/USD
Analysis:
The downward wave of the British pound from April 30 completes the correction of a wave of a larger scale. In its structure, the middle part (B) is nearing completion and the price has reached the lower border of a strong potential reversal zone.
Forecast:
In the next trading...
USD/CHF was into a downside movement lately caused by the USDX's sell-off, but now, the price has found strong support in the short term and it could give birth to another leg higher. We may have a reversal in the short term if the Dollar Index rebounds as well. Otherwise, the pair could resume its...
GBP/JPY has finally broken above key resistance at 133.19 making this count our preferred count. In the short-term, we see solid resistance at 135.10 that will be able to cap the upside temporary for a corrective dip to 133.75 before pushing higher again through resistance at 135.10 towards 141.06....
