Forex Analysis


Topics in Depth

GBP/USD extends losses to sub-1.3000 area, UK unemployment rate in focus

GBP/USD stays mildly negative just below 1.30 while heading into the London open on Tuesday. UK’s Brexit negotiator shares the same view as PM Boris Johnson, increases the risks of hard departure. UK employment statistics will be the key to clarify on the BOE’s bearish bias.

GBP/USD News

USD/JPY off lows, still in the red below 110.00 mark

USD/JPY extended the previous session’s rejection from 110.00 round-figure mark. Reviving safe-haven demand benefitted the JPY and exerted some fresh pressure. The downside remains limited and thus, warrants some caution for bearish traders.

USD/JPY News

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"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"

"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public, are considered a sentiment indicator."

"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"

"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."