Month: January 2011

The GBP/JPY is moving within corrective wave 4 of medium term uptrend – colored magenta in the chart. The targets of the downmove are Fibonacci retracements of 128.29-132.48, 130.43-132.48, expansions off 132.48-131.62-132.14. Supports: – 131.45 = .50...

The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The Canadian dollar was sold following a dovish monetary policy statement.

Hello. Let’s take a look at the GBP/USD hourly chart. The steep upward movement from the beginning of the year looks like it may have a little more steam to push the currency pair a little higher.

Market Review – 18/01/2011 21:23 GMT Euro gains on optimism eurozone debt crisis would be tamed The single currency rose to 1-month high against the dollar on Tuesday due to optimism the eurozone officials may announce new...

TODAY TECHNICAL LEVEL : Breakout Buy level : 1.3327.Strong Resistance : 1.3320.Original Resistance : 1.3307.Inner Sell Area : 1.3294.Target Inner Area : 1.3263.Inner Buy Area : 1.3232.Original Support : 1.3219.Strong Support : 1.3206.Breakout Sell level : 1.3198.

Market Review – 17/01/2011 21:34 GMT Euro ratchets lower on uncertainty on euro zone rescue fund Euro weakened on Monday as the ECB’s Governing Council member Athanasios Orphanides played down talk of tighter policy and the market’s...