Analysis

A research analyst from Westpac, Sean Callow shared his analysis with us which suggests that after staying bullish since last week, they are pretty much happy with the price action – Keeping in mind that the spot USDJPY is up about 0.05% even including a test of important resistance level at 113. Key Quotes “Sharp […]

Ever since the start of this year, USDJPY have been trading inside a horizontal channel. When you look at the slope of the channel, it is neither bearish nor bearish. Now that the year 2017 is coming to an end, here’s the million dollar question: Will we see a break out of this channel in […]

GBPUSD is in a strong uptrend since the 13 November. On the 4 hour chart, it is clear that GBPUSD is making higher highs and higher lows which indicate it is in a strong uptrend. Furthermore, it is also above its 20 EMA (blue line) which is putting more upside pressure to it. However in […]