USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
EUR/GBP may finally leave its range
Information is not investment advice
EUR/GBP had an extremely volatile month. If we look at the daily chart, we’ll see a diamond-shaped broad consolidation range. The fact that we finally got some big news about Brexit (a delay until October 31) can allow the pair to finally break out of this pattern.
Technical indicators suggest that a break to the upside seems more likely. Notice, however, that breakout trading is risky and requires thoughtful risk management. The negative pressure will return if the pair gets back below 0.8590.
Elizabeth Belugina
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Levels to trade EUR/USD
The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
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USD/JPY: upside is limited
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
EUR/USD reminded about a slingshot strategy
The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!
USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
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