GBPJPY

AUDUSD tests key support In Australia’s worse-than-expected retail sales, traders saw not a reason to dump, but rather an opportunity to get in for cheap. After the RSI shot into the overbought territory post-FOMC, the indicator…

USDCHF remains in bearish trend Despite the recent short covering, the US dollar would need a stronger argument to make a meaningful U-turn. Massive liquidity from the $1.9 trillion stimulus package, which is expected to pass sooner…

USDCHF Surges Backed by Robust Jobs A combination of fundamental and technical factors have put the US dollar in demand lately. Last Friday’s positive NFP number may have offered the buyers more assurance, as improvement in the job…

The GBPJPY pair currently shows a bullish intervening wave X of a cycle degree. This takes the form of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag of the primary degree. The first four sub-waves are already fully complete, whereas the final actionary…

AUDUSD Stays High as Risk Appetite Grows After reaching a 23-month high, the Australian dollar’s bullish run sees no signs of exhaustion yet. The Trump administration’s banning of Chinese companies temporarily lifted the Sino-US…

GBPJPY has seen a significant ascent towards 4-month highs. The currency pair has been looking to break away from the median regression to attempt another breakout of the upside channel. However, the recent hidden divergence followed…

USDCHF Slides After Weak Jobs Data A new presidential era might not be enough to turn the tide in favor of the US dollar. Actually, state-backed asset inflation has become business as usual. It would be economically and politically…

The GBPJPY chart shows the final part of a large triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ is a simple zigzag and consists of intermediate sub-waves (A)-(B)-(C). Wave (A) is a fully completed bullish…

GBPJPY Rises After Brexit Agreement 2020 has not been an easy year but at least Brexit may finally materialize after protracted negotiations. The markets will look into details as the final agreement reveals itself. Especially…

GBPJPY is currently developing a bearish primary zigzag Ⓐ-Ⓑ-Ⓒ. The bullish correction wave Ⓑ is an intermediate zigzag, with the final wave of this zigzag being an ending diagonal. At the moment, we see the formation of the initial part…