USD/JPY Responds to Confluent Support- Rebound to Offer Opportunity

USD/JPY Responds to Confluent Support- Rebound to Offer Opportunity

Price has reversed off key technical support after plummeting nearly 3% off the monthly highs. Here are the updated targets & invalidation levels that matter.
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Central Bank Weekly: GBP and USD Continue to Ignore BOE and FOMC

FX markets seem to care very little about what some of the major central banks are up to.
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Analyst Picks

James Stanley

James Stanley   

Currency Strategist

Currency Pair:  Bullish EUR/GBP
Expertise price action - macro
Average Timeframe of Trade few days - few weeks
Nick Cawley

Nick Cawley   

Analyst

Currency Pair:  Bullish GBP/CAD
Expertise Fundamental Analysis
Average Timeframe of Trade One to Six Weeks

Technical Analysis

Pound Strength to Continue Based on Sentiment

The combination of current sentiment and recent changes gives us a stronger GBPUSD-bullish contrarian trading bias.
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Central Bank Rates

Currency Central Bank Rate
   aud
1.50%
   nzd
1.75%
   eur
0.00%
   cad
1.25%
   gbp
0.50%
   usd
1.50%
   chf
-0.75%
   jpy
-0.10%

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