GBP/JPY: 1-hour What’s up, forex folks? How are you liking this potential retracement play on GBP/JPY’s 1-hour chart? Pound bears probably needed to take a breather after taking the pair to the 118.50 minor psychological support area. GBP/JPY seems to be stalling at the 38.2% Fib, but with stochastic still pointing upwards, the pair could [...]
Most of the time the pairs that I look at are US dollar-related as they give both an indication of general risk themes in the market and the specific strength or weakness in a currency. However today I am looking at EUR/GBP as the chart looks too juicy to pass up. As we can see [...]
I will start my analysis for this pair today with the weekly chart. Price fibbed recently just shy of the 50.0 and now is coming into contact with the 13 and 21 emas and I would like to point out that the 13 is crossing above the 21. It will still take some time for [...]
IG Index have brought good news to a lot of forex traders this week with the announcement that they are cutting spreads on many different currency pairs once more. They were already really competitive, but now you will be hard pushed to find a spread betting firm or forex broker that offers tighter spreads. For [...]
On Wednesday November 2 Woolworths held a strategy briefing for professional investors. Woolworth’s effectively asked us to adopt a longer time frame before judging its performance and revealed four strategic priorities that I will describe in a moment. Prior to the strategy day, the company updated the stock market with a growth outlook that was [...]