The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
GBP/JPY: 'Pennant' led to new local high
Information is not investment advice
The last 'Pennant' has been broken, so the price is rising and we've got a new local high. Meanwhile, it's likely to have a local downward correction towards the closest support at 145.98 and the Moving Averages. The subsequent pullback from these levels could lead to another bullish price movement in the direction of the next resistance at 148.56 - 148.86.
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?
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?
Read the opinion by Morgan Stanley and ANZ on the performance of AUD in Q1