There are many British Pound bulls out there since the pair, which traditionally has rested with ease above the 1.5000 level over the past decade, has been subdued post-Brexit. Current sentiment data shows that among all GBP/USD traders, nearly 70%…

USD/JPY: bullish rally in play   Ichimoku Cloud bullish; ADX and DI bullish; RSI bullish.   The US dollar is rallying versus the Japanese yen throughout the whole week. Besides, the technical background is pointing to further demand for the…

EUR/USD: bearish reversal   Ichimoku Cloud mixed; ADX and DI bearish; RSI bearish.   The single European currency failed to hold gains versus the US dollar, peaked slightly below the 1.08 figure and bounced back down, breaching several intraday support…