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Published on 8 Feb 2017
It
has been a quiet 24 hours in global markets, excepting a possible
breakdown in the EUR/USD currency pair and a strong rise the British
Pound late yesterday.
The EUR / USD currency pair is threatening to fall further after breaking below its medium-term supportive trend line at the 1.07 level.
The USD / JPY currency pair is consolidating around the 112.00 price area, with signs that the price may not be able to fall much further.
The GBP / USD currency pair found support at 1.2346, then rose very strongly as the British Parliament voted to trigger article 50 and allow the executive to negotiate the exit.
The EUR / USD currency pair is threatening to fall further after breaking below its medium-term supportive trend line at the 1.07 level.
The USD / JPY currency pair is consolidating around the 112.00 price area, with signs that the price may not be able to fall much further.
The GBP / USD currency pair found support at 1.2346, then rose very strongly as the British Parliament voted to trigger article 50 and allow the executive to negotiate the exit.
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