EUR/JPY is on shaky ground
The euro is fundamentally weak
GBP/USD: is there any hope?
Information is not investment advice
GBP/USD is a hard thing to trade right now given the concerns about Brexit. This week, however, the pound has found some temporary relief as investors’ concerns went down a notch. In addition, the pair was supported by the broad weakness of the USD.
If you look at the H4 chart, you will see a series of higher lows. The price is also above the 100- and 50-period MAs. All of this would allow the pound to gain if the US data disappoints. The rise above 1.2750 will allow the pound to get to 1.2795 (38.2% Fibo of the May decline). Bears will regain their powers below 1.2680.
Elizabeth Belugina
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AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
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To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
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