USD/JPY ripped back into Fibonacci resistance with the May opening-range taking shape just below. These are the levels that matter on the weekly technical chart.
Aussie testing the lower bounds of a multi-week range just above trend support- we’re on breakout watch. Here are the levels that matter on the AUD/USD technical charts.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
Sterling may be vulnerable to further losses after reversing off key technical resistance. Here are the levels that matter on the GBP/USD weekly chart heading into May.