Monthly Archives: March 2018

GBPJPY: Keep This on Your Radar Next Week

If you weren’t a believer in this GBPJPY 4-hour wedge pattern last week or even this past Wednesday, you probably are now. The past 48 hours has produced yet another retest of both resistance and support.

But before we get to the 4-hour chart, I want to draw your attention to the weekly time fram…

AUD/USD Rebounds from Near the Lower Bound of a Downside Channel

AUD/USD has been in a rising mode since Wednesday, when it hit support near the crossroads of the 0.7655 level and the lower end of a downside channel that’s been containing the price action since the beginning of February. The fact that the rate continues to trade within that channel keeps the…

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