In the latest USD/JPY technical analysis, we noted that the failure of the pair to penetrate above 106.70 formed a consolidation area foreshadowing the next strong move.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
It was natural that the gold price was strongly bullish in early trading today after the dramatic events at the end of last week's trading.
The recent gains of the GBP/USD pair, which hit three-week highs at 1.2293, will not last, as the Brexit future grows darker, and expectations grow that Britain will leave the EU without agreement.
Top Forex Brokers
The EUR/USD attempts for bullish correction did not exceed the 1.1163 resistance level hit early Monday.
USDJPY: Strong recovery from near-historic low prices
AUDUSD: Slightly bearish consolidation persists
Bitcoin: Bulls and bears are evenly balanced
Bonuses & Promotions
USDCAD: Consolidation between 1.3251 and 1.3345
EURUSD: Consolidation likely between 1.1117 and 1.1162
The Australian dollar went back and forth during the trading session on Friday, as the Chinese levied retaliatory tariffs against the Americans again.
Bitcoin rallied a bit during the trading session on Friday as we continued to see a bit of a runaway from a fiat currencies in general.