USDJPY again flirts with the 78.6% Fibonacci retracement of the October 2022 to January 2023 downturn within a five-month-long bullish channel.
AUDUSD bears ran out of steam during the sixth week of the downtrend by positing the slimmest losses since mid-July.
EURUSD prepares for the sixth consecutive weekly fall as ECB and Federal Reserve bosses prepare for the annual showdown at the Jackson Hole Symposium.
Gold braces for the first weekly gain in five while bouncing off the multi-month low marked earlier in the week, piercing the 200-DMA of late.
AUDUSD bears take a breather after a five-week downtrend, portraying a falling wedge bullish chart pattern around the yearly low.
GBPUSD gained buyer’s attention after snapping a four-week downtrend the last week.
USDJPY posted a three-week winning streak but ended Thursday on a negative note.
Gold braces for the fourth weekly losses even as a one-month-old falling support line defends intraday buyers.
A daily closing beneath a nine-month-old rising support line, now resistance around 0.6480, keeps the AUDUSD bears hopeful of witnessing further downside.
NZDUSD bears are losing momentum after a four-week downtrend. The Kiwi pair is showing a one-month-old bullish falling wedge chart pattern at the yearly low.
As GBPUSD bears near the 1.2600 support, pending UK employment data could influence their momentum. A negative jobs report might push them towards the 200-day moving average (DMA) support.
EURUSD ended the week on a negative note while piercing a 10-week-old rising support line, now immediate resistance around 1.0950.