My overall bias is still bullish, but at current prices I’m not interested in chasing the move. From a technical perspective, the structure remains constructive. Since the June lows, GBP/USD has developed a clear bullish sequence and is now trading inside the 1.3560–1.3650 resistance area. This is exactly why, despite maintaining a bullish outlook, I would rather see a pullback before looking for new long opportunities.
EURUSD has entered a bullish consolidation phase. The Euro's sharp rise is underpinned by a sell-off in the US Dollar (USD) following a slump in US bond yields.
This infographic breaks a classic trend-following approach into six steps — from identifying the trend to managing risk. Here's how each piece works.
Daily timeframe we have failed to break below the daily support showing us its a strong level.
Major currency pairs are showing relatively modest movements as traders reassess Federal Reserve interest-rate expectations, monitor central-bank policy signals, and remain cautious amid elevated geopolitical and oil-market risks.
Testing lower flag support near 1.35375! Are you panic-buying this minor pause, or positioning for the multi-wave drop to the 1.35100 channel floor? 🤔