Forex Analysis
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GBP/USD Review – October 9

The GBP/USD pair on Thursday again tried to resume its decline and has found itself at a triple bottom. We believe the technical picture for the pound is not just interesting — it's almost epic. Sideways channels have formed simultaneously on three timeframes, and in each case price dropped to the lower boundary of those channels.
by Jay
Forex Analysis
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EUR/USD Review – October 9

The EUR/USD currency pair continued to tilt sharply south on Thursday—which, frankly, no longer surprises anyone. Need we say that on Wednesday or Thursday there were no real grounds for another rise in the US currency? Late Wednesday, three weeks after the Federal Reserve meeting, the FOMC minutes were published.
by Jay
Forex Analysis
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GBP/USD Review – October 8

The GBP/USD currency pair also moved lower on Wednesday, but the situation for the British pound is somewhat different from that of the euro. The pound has spent the last two weeks in a sideways channel. On the daily and weekly timeframes, it is likewise in a flat.
by Jay
Forex Analysis
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EUR/USD Review – October 8

The EUR/USD currency pair on Wednesday predictably resumed its downward movement after a microscopic correction. Yesterday we said the dollar's fall looked like a miracle in the current circumstances. The euro's fall does not look miraculous — the single currency has been falling for a whole month.
by Jay