Monthly Archives: June 2018

Technicals Warn of Window for Dollar Correction

The dollar’s inability to rally ahead of the weekend on the back of a constructive jobs report and a re-pricing of the trajectory of Fed policy may signal that a corrective phase lies ahead. The market had grown a bit skeptical of another hike after this month’s anticipated Fed move during the…

GBPJPY turns higher; momentum indicators endorse bullish correction

GBPJPY is approaching again the 40-simple moving average (SMA) in the 4-hour chart after the strong rebound on the eight-month low of 143.20 that was reached on May 29. Moreover, the price successfully surpassed the 20-SMA and remains in positive territory.

From the technical point of view, the p…

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