Monthly Archives: June 2018

USD/JPY: pointing to a bullish extension

The USD/JPY pair hit a 2-week high of 110.22 this Wednesday, as the positive market mood played against the safe-haven yen. The pair followed the lead of US Treasury yields during the American session, pulling down and bouncing back alongside with them. The benchmark 10-year Treasury note hit 2.98%,…

British Pound Following Elliott Wave Downward Forecast

With two strongly declining months in a row, the British Pound appears to be embarking on the decline we forecast in our post last November.

These charts for the CurrencyShares British Pound Sterling Trust (NYSE Arca: FXB) show where price is probably headed and where to look for the trades.