USDJPY
The pair is consolidating and forming a triangle pattern amid the release of the US retail sales data. If the numbers are higher than expected it will push the pair up. If the numbers are lower than expected the pair will fall to the lower range of the triange, …
In recent days the pair has reached yet another maximum, despite the interest rate decrease by the Bank of Australia. It can be assumed that a correction will take place prior to the Reserve bank of Australia's head speech, which we can indirectly confirm looking at the three peakes on …
GBPUSD
The pair has breached the 1.3000 support level and if the today's data on the British economy is weaker than expected, the price will most probably fall further.
The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides in the oversold zone. Stoch …
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