Monthly Archives: June 2018

Weekly Technical Perspective on the British Pound (GBP/USD)

The British Pound is down more than 7% from the yearly highs with price continuing to trade within the confines of descending pitchfork formation extending off January / April highs at 1.3182 (low registered at 1.3205). Note that weekly momentum held above 40 on this sell-off and IF price Sterling…

Daily Technical Report 05 June 2018

EUR/USD strong bounce from 1.1510 (29/05/2018 low) stops, the pair is currently trading along 16.85, approaching 16.75. EUR/ USD is trading at end-July 2017 range. The short-term trend remains negative as long as prices remain below hourly resistance at 1.1993 (14/05/2018 high). Hourly support…

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