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Intraday Update: USDCAD still following an upchannel, but only below the 1.2500 can we be sure the pair is turning lower out of the channel. 1.2600 is key resistance on the way up.
The EURGBP posted a long white candle and the daily candle suggests more upside.
Intraday Update: The EURGBP just hit the 38% retracement and near the 161% extension. As long as .8972 holds, this could be a good reversal level for the pair to move back to .8900.
End of Week Analysis: The EURGBP has rallied back to a confluence of fib levels. The 38% retrace, the...
The GBPUSD had a strong weekly bearish close with the long black candle, but the daily candle had a long lower wick showing a possible bounce, but still strong downward momentum.