The 1.4700 support region for GBP/USD may come under pressure as the DailyFX Speculative Sentiment Index (SSI) shows a rise in short-interest.
– Daily 34-EMA in USDOLLAR Index has supported rally since July. – EURUSD, USDJPY, GBPUSD all at crucial turning points.
Forex video – GBPUSD fails to break through former support region. – EURGBP aims above 0.7400, GBPJPY nears breaking point.
– EURUSD trades back under 1.0700 after seeing 1.1000 yesterday. – USDCAD finds triangle support, trades back to daily 8-EMA.
The near-term rebound in EUR/USD may quickly fizzle out should the Fed endorse a more hawkish forward-guidance for monetary policy.
– USDOLLAR uptrend remains – only tentatively, though. – GBPUSD breakdown, USDCAD breakout hinge on Yellen.
– EURUSD breach of 1.0680/85 sets move towards 1.0905. – EURGBP H4 MACD move through signal line signals ST bottom.