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  • GBPUSD: The pair continues to retain its nearer downtrend weakening further on Thursday. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down,... GBPUSD: The pair continues to retain its nearer downtrend weakening further on Thursday. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.3000 levels with a turn above here allowing more strength to build up towards the 1.3050 level. Further out, resistance resides at the 1.3100 level followed by the 1.3150 level. On the whole, GBPUSD continues to face downside threats on pullback.

    http://www.fxtechstrategy.com/wp-content/uploads/2017/07/GBPUSDDaily-1.png
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  • Abuchi
    Abuchi just registered on the site
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  • sphaee4
    sphaee4 started a new discussion, Currency Conversion Chart
    Recent currency conversion chart is posted.

    People want to invest in currencies, can take suggestions.

    If others have any better one, kindly share with us:p
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  • USDJPY: The pair continues to hold on to its downside pressure closing lower on Wednesday and opening the door for more declines. On the downside, support comes in at the 111.50 level where a... USDJPY: The pair continues to hold on to its downside pressure closing lower on Wednesday and opening the door for more declines. On the downside, support comes in at the 111.50 level where a break if seen will aim at the 111.00 level. A cut through here will turn focus to the 110.50 level and possibly lower towards the 110.00 level. On the upside, resistance resides at the 112.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 111.50 level with a turn above here aiming at the 111.00 level. On the whole, USDJPY looks to pullback further in the days ahead.

    http://www.fxtechstrategy.com/wp-content/uploads/2017/07/USDJPYDaily-2.png
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