The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
GBP/JPY: market moving sideways
Information is not investment advice
The market is still moving sideways. There's a 'Flag' pattern, which led to forming a new local low. Also, we've got a 'V-Bottom', so it's likely that the pair is going to test the closest resistance at 148.56 - 148.86. The subsequent pullback from this area could be a starting point for another decline towards the next support at 144.13 - 143.71 by the lower side of a possible 'Triangle'.
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
EUR/AUD has been in consolidation lately; are there any clear bullish signs or it is better to hold positions?
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
This week brought various economy news releases related to GBP. What is the layout of the British pound?