The Brexit-led surge in EURGBP could mean the completion of a long-term bullish triangle pattern leading to further gains, say analysts at Credit Suisse in London.
There is only one hurdle ahead of 1.2000 for GBPUSD, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
GBPUSD is at risk of breaking below key support and beginning a move down towards 1.2100, according to David Sneddon and his team at Credit Suisse in London.
Recent bullish divergence will drive EUR/JPY back to 125.50 before resuming its downward trend, according to JC Parets, Founder of All Star Charts.
US dollar weakness will be the main theme for the FX majors in the medium-term, according to Ian Coleman, Chief Market Analyst at Signal Centre.
Concerns are growing for a no deal Brexit and this is keeping negative pressures on sterling, says Steve Miley at The Market Chartist.
Researchers from Hull University and the ICMA Centre have tested technical trading rules in several cryptocurrency markets and found they yield higher risk adjusted returns than a simple buy and hold strategy.
Risks remain on the downside for sterling against the euro say analysts at Credit Suisse.
This month’s rally in euro sterling has been checked at the declining 200-day moving average at 87.92, say the technical analysis team at Credit Suisse.
The Bloomberg-JPMorgan Asia Currency Index has broken through key support raising the prospect of further significant weakness for Asian currencies against the USD, according to David Sneddon and his team at Credit Suisse in London.