The Cable has never reached parity, but the sterling is still struggling. So, the parity has a high chance in near future.
The Euro is being under bearish pressure for some fundamental and technical reasons. Fundamentally, the European economic recovery is still not as sufficient as what the US economic recovery succeeded this year earlier, especially highly populated vaccination, Biden's economic rescue package, a steadily hawkish Fed etc. A few years ago, Mario Draghi said the US...
The USDJPY is currently closing to the major resistance of potential monthly downtrend lines
Clear correlation on DXY and US government bonds 10-year...
It shows how historical events negatively impacted the US Y10 Bond, apart from the QE programmes, G8 meeting, Interest Rate Hike and others which raised this bond but could not be able to bullishly break out any resistance levels.
TWO SHORT TRADE SETUP PLANS (ONLY FOR EDUCATION)
DON'T SETUP A PENDING ORDER FOR A LONG TRADE UNTIL THE PRICE MOVEMENT TOUCHES THE SECOND SUPPORT AND IF IT FAILS TO BREAK THROUGH AND THEN IT WOULD POSSIBLY BE A BULLISH GARTLEY PATTERN. (ONLY FOR EDUCATION)
TRADE SETUP IDEA, WAIT FOR CONFIRMATION ON THE POTENTIAL OVERSOLD (ONLY FOR EDUCATION)
TRADE SETUP IDEA FOR SHORT (ONLY FOR EDUCATION)
It may be a bearish spike during the speech of Draghi in the ECB conference press on Thursday.
Trade Setup Idea on Possible Bullish Gartley Pattern