The technical consolidation that has been ongoing throughout the past few weeks maintains a neutral outlook on EUR/USD. In the wake of the ECB last Thursday, there looked to be the prospect of some direction forming, but there was a degree of stabilisation with Friday’s mild positive candle and the sellers could not breakaway. Although there is a very slight...
With both central banks potentially about to announce interesting shifts in monetary policy this week, where do the technical on Sterling/Yen sit? Having broken down below 146.65 the market remains negatively configured, with rallies being sold into. This is reflected in a couple of bear candles that ended last week and an intraday move below 145.45 to a new four...
