GBP/NZD moves sideways in the short term. It remains to see how it will react later after the pair has reached a support zone. Technically, a rebound is favored after registering an amazing sell-off. Fundamentally, the Monetary Policy Report Hearings could bring sharp movements on the British …
CAD/JPY Bullish Pressure Intensifies!
CAD/JPY increases as the JPY is weakened by the Nikkei’s rally. As you already know from my analyses, the Japanese Yen is expected to depreciate when the Japanese stock index grows. We have a positive correlation between CAD/JPY and Nikkei. Surprisingly or not, the Japanese Yen drops even if the …
GBP/JPY Attention At Resistance Breakout!
GBP/JPY is trading in the red at 151.06 at the moment of writing. It has found strong resistance and now it could slip lower. Actually, Nikkei’s (Jp225) drop helped the Japanese Yen to rise versus its rivals. Technically, the bias is somehow bullish, GBP/JPY could still increase after ending its …
