by Michael Bridgman | Oct 25, 2022 | Forex Tips
A fairly tight trading range before the U.S. session, then a uniform move across the majors as the DXY moved lower and lower. A long was taken in the EURUSD risking 20 pips for a potential 79 pips to our daily target at .9953. The move was vertical so we...
by Michael Bridgman | Oct 19, 2022 | Forex Tips
The Asian session saw the EURUSD move lower and as the U.K. traders began their day, breakout shorts were tricked, and the pair briefly moved higher taking out stops. A second test of the Asian low found some buyers for one candle which was followed by a bearish...
by Michael Bridgman | Oct 17, 2022 | Forex Tips
The GBP pairs have been very active since PM Liz Truss came to power. Last week she fired her Chancellor of the Exchequer. On Friday, the Bank of England’s emergency bond buying program ended. The newly appointed Chancellor of the Exchequer, Jeremy Hunt is trying to...
by Michael Bridgman | Oct 17, 2022 | Forex Tips
The GBP pairs have been very active since PM Liz Truss came to power. Last week she fired her Chancellor of the Exchequer. On Friday, the Bank of England’s emergency bond buying program ended. The newly appointed Chancellor of the Exchequer, Jeremy Hunt is trying to...
by Michael Bridgman | Oct 5, 2022 | Forex Tips
The volatility in the GBP is not likely to dissipate soon. Both the GBPUSD and GBPJPY moved in tandem downward today with the recovery of the USD. The GBPUSD was unable to close above yesterday’s high during its Asian session and the U.K. traders began their day...
