GBP/JPY’s recent rallies might come to a halt and start to reverse as the pair is hitting resistance at the 157.50 to 158.00 psychological levels. This is in line with a broken support level back in September and is also the 61.8% to 50% Fib levels o...

USD The US government shutdown is still ongoing as the White House rejected the latest proposal from the House Republicans regarding spending cuts on healthcare.  Meanwhile, the Senate hasn’t come up with a plan regarding raising the debt ceiling b...

A complex head and shoulders pattern seems to be forming on EUR/USD’s 4-hour time frame, as the pair is testing the neckline around the 1.3500 handle. However, stochastic is in the oversold region, hinting at a possible short-term bounce. If the pair i...

USD The US dollar erased some of its progress in the past trading days as the government shutdown and budget impasse continues.  President Obama has still rejected the latest proposal for spending cuts, despite the round of negotiations conducted...

GBP/JPY is still on a steady uptrend on its longer-term time frame, despite the selloff seen in the past few weeks.  The pair has just bounced off the rising trend line on the daily time frame after finding support at the 38.2% Fibonacci retracement...

USD The dollar carried on with its recovery on Thursday, as risk remained off but traders started pricing the possibility that Washington will come up with a budget deal over the weekend.  Profit-taking scenarios similar to last week’s dollar r...

USD/JPY has recently broken below the long-term rising trend line on the 4-hour time frame, signaling that the uptrend may be over. Before heading any lower though, USD/JPY could still retrace to the broken support zone. The US government is still shut...

USD The U.S. dollar was able to bounce back to action yesterday, but it remains to be seen whether this is just a temporary pullback.  The FOMC minutes showed that policymakers were open to tapering within the year, but this was before the week-long...

GBP/AUD has been moving sideways on its 4-hour chart, as it found support at 1.6900 and resistance at 1.7400. Right now, it is testing the bottom of the range while stochastic is starting to move out of the oversold region. This suggests that a bounce...

USD The US dollar was able to make a quick bounce in the Asian session but gave up its intraday gains back to its major counterparts, as the lawmakers in Washington still haven’t reached a deal on the budget.  This means that the shutdown in t...