Archive for June 30th, 2010
Forex Technical Analysis (2010/06/30) GBP/JPY Breaks Down Uptrend Line, Falls to Support
(Please click on the forex chart thumbnail to enlarge) 6/30/2010 Forex Technical Analysis (FXpath.com) – GBP/JPY, a daily chart of which is shown, has broken down below an uptrend support line extending from the May low. This uptrend line represents a bullish correction within a larger parallel downtrend channel extending from the August 2009 high. The [...]
Forex Technical Analysis (2010/06/30) USD/JPY Bearish Trend Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/30/2010 Forex Technical Analysis (FXpath.com) – USD/JPY, a 4-hour chart of which is shown, has recently been entrenched within an accelerated downtrend. Within this downtrend, after price broke down below key support in the 89.00 price region earlier this week, this currency pair has since consolidated [...]
