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Haroun Kola
The Art of Trading
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    Technical analysis of USD/JPY for October 21, 2016
    USD/JPY is under pressure. The pair recorded a succession of lower tops and lower bottoms, which confirmed a bearish outlook. The descending 50-period moving average acts as resistance, which should continue to push the prices lower. Furthermore, 104.20 represents a key resistance, and the upside potential should be limited by this level. In these perspectives, […]Technical analysis of USD/J...
    Technical analysis of GBP/JPY for October 21, 2016
    GBP/JPY is capped by a declining trend line. The technical picture of GBP/JPY is bearish below a descending trend line, which emerged on Oct 19. The declining 50-period moving average suggests that the pair still has potential for a further drop. Additionally, the relative strength index is below its neutrality level at 50 and lacks […]Technical analysis of GBP/JPY for October 21, 2016 first...
    Daily analysis of GBP/JPY for October 21, 2016
    Overview The GBP/JPY pair showed sideways trading again without any attempts to record the expected targets. The current sideways trading caused by the necessity of the negative momentum makes us expect more of the sideways fluctuation. Let us remind you that the stability of the resistance at 129.60 is important to keep our negative scenario […]Daily analysis of GBP/JPY for October 21, 2016...