by Michael Bridgman | Jan 25, 2023 | Forex Tips
Since October 21st last year the USDJPY has been in a downtrend making lower lows and lower highs. Today as the U.K. session got underway the pair moved lower, retested its Asian session low, before moving lower still, and as the U.S. session got underway, the pair...
by Michael Bridgman | Nov 23, 2022 | Forex Tips
As the U.K. session got underway the GBPUSD moved lower to test its Asian session low, then broke above its Asian session high leaving a bearish doji candle. Price pulled back to test yesterday’s high before reversing higher leaving a bullish 3 candle reversal...
by Michael Bridgman | Nov 8, 2022 | Forex Tips
It was a very light economic news calendar today. The DXY moved lower again for a third day in a row and the USDJPY set up for a trade before the other majors today. The pair had moved lower after the U.K. traders began their day, then made a small retracement...
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...
