Autochartist Market Reports are generated 3 times per day before the open of Tokyo, London and New York. These reports provide you
with a snapshot of the technical outlook of the markets before the opening of the major financial centres.
The GBP/USD pair has entered into a resistance zone on a 4 hour time frame (which is mentioned below). The price has gone deep in this resistance zone and this confirms that there may not be enough sellers to push the price down. We have also broken the downward wedge pattern and the projections of…Read More
The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the downside and as long as we remain above this trend line, the bias may remain for further downside move. The price did pierced the Bollinger band but it is within…Read More