[FOREX NEWS] GBP/USD recovers, capped by resistance and looks vulnerable

The UK elections resulted in May losing her parliamentary majority. She continues holding onto power thanks to a controversial coalition with the DUP, a small reactionary party. Her grip on power seems to have weakened, with criticism coming from everywhere. So far, she has sacrificed her closest aides: Nick Timothy and Fiona Hill. Brexit negotiations [...]

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[FOREX NEWS] EUR/USD: L-Term Inverted H&S: Validation Levels & Targets – SocGen

EUR/USD was carried away to the downside by the pound after the UK elections. Where will it go next? The team at SocGen sets targets and notices an interesting pattern: Here is their view, courtesy of eFXnews: Societe Generale FX Technical Strategy notes an inverted head-and-shoulders pattern on EUR/USD weekly charts. Such a pattern, according [...]

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[FOREX TIP] AUDCAD Price Action Analysis – 8th June 2017