USD/JPY Triangle Leads to Continued Trend
A USD/JPY Breakout is poised to resume our 4 year downtrend
A USD/JPY Breakout is poised to resume our 4 year downtrend
Traders around the world are increasingly confounded as to how to trade the US Dollar. After multiple scares and momentum shifts pertaining to debt limits, potential Quantitative Easing, and of course – sovereign debt downgrades, many folks are throwing up the white flag on the Greenback and instead choosing to speculate on cross pairs such as EUR/AUD, GBP/NZD, or perhaps even EUR/CHF.
EUR/USD set to resume 1100 pip trend off of resistance
GBP/AUD moves to test lows with a rare broadening pattern
EUR/GBP bounces off support at .8250 to resume its yearly trend
In a volatile market, look for breakout trades.