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Dollar Run May Collapse without Market-Wide Fear Mongering
Dollar Run May Collapse without Market-Wide Fear Mongering
Read more...USD/JPY Tapping at the 79.40 Resistance Pivot
The 1H chart shows price action continuing to attack this resistance. Also, the RSI is just below 60 so the bearish momentum is still maintained. However, a break above 79.40/50 area while the RSI pushes above 60 should reflect the correction at hand. The first resistance area to consider is just under 80.00, near the 200-hour SMA and the 50% retracement at 79.75.
Read more...Jamie’s Pick: 05/14/12
Jamie’s Pick: 05/14/12
Read more...Forex: EUR/GBP stable at 0.8073
FXstreet.com (Barcelona) - The single currency is holding firm at 0.8073, losing just 0.05% against the British pound during the early hours of the European trading session and ahead of the
Read more...GBP/USD Trading Near Key Resistance
GBP/USD has been rallying for 2 straight weeks, pushing above the 200-week simple moving average, and is now at an important resistance pivot near 1.63 as the market begins the 4/30-5/4 trading week. This was a resistance pivot back in Oct. 2010 and coincides with a declining trendline that connects the highs from April 2011 and August 2011.
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