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EURUSD - Bull
Last week witnessed the greatest volatility in the markets since January 15, 2015. Between August 19 – 24, price went upwards by 680 pips, topping at the resistance line of 1.1700. The threat to the bullish bias is so serious that a movement below the support line at 1.1100 would ultimately result in a bearish outlook.
GBPUSD - Bear
When the hope of a weak GBPUSD was almost dashed for the month of August 2015, the pair eventually became weak. This formerly trudging pair managed to test the distribution territory at 1.5800 before bulls lost all their power.
USDJPY - Bear
From August 19 – 24, price plummeted by 800 pips, going briefly below the demand level at 116.50. Since then, price has been making a noteworthy bullish recovery - a movement of 500 pips. Should the price move further upwards by another 200 pips this week, the bearish outlook would be rendered ineffectual.
EURJPY – Bear
Though there is an ongoing struggle between bull and bear, price was able to attain the demand zone at 135.50 last week, in a downward movement of 300 pips. The demand zone at 135.50 was battered several times without being permanently penetrated.
Last week witnessed the greatest volatility in the markets since January 15, 2015. Between August 19 – 24, price went upwards by 680 pips, topping at the resistance line of 1.1700. The threat to the bullish bias is so serious that a movement below the support line at 1.1100 would ultimately result in a bearish outlook.
GBPUSD - Bear
When the hope of a weak GBPUSD was almost dashed for the month of August 2015, the pair eventually became weak. This formerly trudging pair managed to test the distribution territory at 1.5800 before bulls lost all their power.
USDJPY - Bear
From August 19 – 24, price plummeted by 800 pips, going briefly below the demand level at 116.50. Since then, price has been making a noteworthy bullish recovery - a movement of 500 pips. Should the price move further upwards by another 200 pips this week, the bearish outlook would be rendered ineffectual.
EURJPY – Bear
Though there is an ongoing struggle between bull and bear, price was able to attain the demand zone at 135.50 last week, in a downward movement of 300 pips. The demand zone at 135.50 was battered several times without being permanently penetrated.
