The British pound has been stuck in a medium term range for 6 months since May and has not moved to any direction. While this could mean that the range could just keep on going and fakeouts are more likely there is a possibility of a short term surge higher if we brake the 1.55 level. This is supported by a bullish divergence in the RSI which is pointing to higher...
A topping USDJPY has broken
down from a triangle. We believe
the pair has more downside, targeting
support at 110 where 2014 september
high and fibonacci retracement line
collide.
