The GBPUSD pair fell hard during the day on Thursday, slicing through the 1.70 support region. However, there’s still plenty of support all the way down to the 1.69 level, so we do not feel it’s quite ready to be sold yet. In fact, we would be more than willing to buy a supportive candle in this region as it should send the market back to the 1.72 region.
The EURUSD pair initially tried to rally during the session on Wednesday, but as you can see turned back around and close towards the end of the day, forming a negative looking candle.
The GBPUSD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was in fact sold off later in the day.
The AUDUSD pair fell rather significantly the session before, but we did have a nice bounce and rise during the session on Wednesday.
The USDJPY pair tried to rally during the course of the day during Tuesday, but as you can see we pullback in order to form a shooting star.
The EURUSD pair broke down during the session on Tuesday, slicing through the 1.35 handle with ease.
The GBPUSD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer.
The AUDUSD pair tried to rally during the session on Tuesday, and in fact did.
The GBPUSD pair fell during the course of the day on Monday, but as you can see remains somewhat afloat, and more importantly supported at the 1.70 handle.
The AUDUSD pair fell slightly during the session on Monday, but as you can see we are well supported near the 0.9350 level.
