Tag Archives: FTSE

The British Pound has finally found a bit of support after an aggressively bearish start to the month of August. Can Wednesday’s inflation report help to produce a blip of strength that can be sold into?

Yesterday, the decline stopped right around long-term trend support, for now it is to be respected as support; price convergence/LT technical pattern could lead to big move in weeks ahead.

The Australian Dollar might manage a shallow rebound before making good on a two-month range break signaling downtrend resumption.

US stocks have been pulling back over the past week, and the bullish breakout in the Dow Jones has calmed down to a relevant area of support. Will bulls be able to push higher from here, or is a deeper retracement in store?

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.