The single European currency bounced off the recent lows versus the US dollar, testing the upper band of the 6-week range. Technical sentiment points to a high likelihood of further bullish retracement towards multiple weekly resistance levels at around 1.15000/15200…

The GBP/JPY cross-rate added 1.80% (270 pips) to the exchange rate last week. That was the third weekly candlestick in the green after the pair bottomed out at the lowest rate since the beginning of November (148.97 yens per pound).…

The single European currency chartered another bearish candlestick versus the Japanese yen on the weekly timeframe (see the chart below). Although the pace of the decline was comparatively low, the EUR/JPY cross-rate reached a crucial long-term support level, a breakout…

The US dollar charted the first red weekly candlestick versus the Canadian dollar after 6 green weekly candles in a row. The USD/CAD currency pair finished the past trading week at 1.27269, while the weekly low was noted at 1.26017.…