GBP/USD: Cable Bulls Extend Bounce from Fibonacci Support

The British Pound is trading higher so far on the fresh week, gaining against most major currencies with the notable exception being the Euro as the single currency continues to claw back earlier-month losses. In GBP/USD, prices began to bounce from a key Fibonacci support level two weeks ago at 1…

EURCAD Challenges Key Resistance at 1.5160

EURCAD looked ready to move south following the confirmation of the head and shoulders pattern earlier this month. I mentioned the structure several times in the last few weeks, and by the end of the August 14th session, sellers had confirmed it. We then had the retest of the level as new resistance…

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