GBP/JPY – Stalking Pullback after Breakout from Congestion

Wednesday, August 18th, 2010

The GBP/JPY tested the rising support that can be seen in the daily chart below.

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GBP/JPY – Stalking Pullback after Breakout from Congestion

Weekly Forex Update: AUD/USD

Tuesday, August 17th, 2010

The uptrend on the daily time frame of the AUD/USD has corrected lower. Selling pressure built at the 0.9200 level sending the pair lower in what could be considered part profit taking, and part over extension from a four week rally

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Weekly Forex Update: AUD/USD

Stalking a Retracement in EUR/GBP

Tuesday, August 3rd, 2010

The EUR/GBP is on a decline, and price action spells continuation.

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Stalking a Retracement in EUR/GBP