GBPUSD Price Set to Fall
The combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
The combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
The Japanese Yen got the best of the US Dollar after the Federal Reserve’s FOMC kept rates unchanged on Wednesday, but JPY strength has been a developing story already against weaker FX.
The Australian Dollar put in a bullish Morning Star candlestick pattern after touching an 11-month low against its US counterpart, hinting a bounce may be ahead.
The combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
Two things seem to be driving US Dollar Index higher, bearish EUR/USD developments and an unwind of a massive US Dollar short position.