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1060 days ago

GBP/JPY holds 150, long term bottom could be in place

It can be seen that the GBP/JPY forex pair has broken above 150, pulled-back and tested the area and is now moving higher again. This comes after potentially putting in a long term base at 125.

#Forex #Technical Analysis
GBP/JPY holds 150, long term bottom could be in place

1060 days ago

Sterling pound reaches $1.40+ !

Sterling pound rose 0.7% to $1.4097 today a level close to February highs. as investors covered short positions and Japanese banks bought the currency, traders said. U.K. government bonds led a selloff of haven sovereign assets following the vote. Ten-year yields climbed four basis points to 0.81%.

#Forex

1060 days ago

Dollar down again, back to square one

The Bloomberg Dollar Spot Index dropped below its 2021 uptrend as the US showed worst than expected employment data. This is the biggest one day slide in 5 months, and the greenback is now not far from the lowest since February 2018. Betting against the dollar is now even back in vogue, with aggregate net short positions climbing back to $10 billion last week vs. $4 billion mid-April.

#Forex
Dollar down again, back to square one

1060 days ago

GBP/USD breakout above 1.40 resistance to 2-month high

The British pound - US dollar currency pair (GBP/USD) has broken out above 1.40 and major resistance to reach its highest since late February.

#Forex #Technical Analysis

1060 days ago

Chinese yuan unwinds 2021 decline to reach highest since 2018

Dollar weakness sparked by big NFP miss has seen most mjaor currencies gain ground with the yuan leading the pack, now postive for the year.

#Forex
Chinese yuan unwinds 2021 decline to reach highest since 2018
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