Archive for July 6th, 2010
Forex Technical Analysis (2010/07/06) USD/JPY Bearishness off 88.00 Resistance Re-Test
(Please click on the forex chart thumbnail to enlarge) 7/06/2010 Forex Technical Analysis (FXpath.com) – USD/JPY, a 4-hour chart of which is shown, rose to re-test the key 88.00 resistance level on Tuesday (7/06/2010) before dropping back down to continue its bearish stance. This occurs within the context of a strong overall downtrend for the pair. [...]
Forex Technical Analysis (2010/07/06) GBP/USD Continues Bullish Channel
(Please click on the forex chart thumbnail to enlarge) 7/06/2010 Forex Technical Analysis (FXpath.com) – GBP/USD, a 4-hour chart of which is shown, has been entrenched in a clear parallel uptrend channel since the early June low. Since that beginning of the bullish channel, price has made regular higher lows and higher highs, periodically breaking [...]
