TECHNICAL ANALYSIS GBPUSD DAILY CHART (6-MONTH)


GBP/USD is moving in a bear channel and moving averages are turning bearish hence, we may see a continued downside to 1.3028-1.3081, possibly below 1.3000. A break above the 1.3348 to question downside


FX


USDJPY DAILY CHART (6-MONTH)


USDJPY 200-day moving average remains flat but short-term moving averages are providing a bullish bias. Support has also been established at 109.05 and while


above we may see


another attack on 111.61. Tat said, we will need to see a break of 111.61 to confirm upside.


FX TRADER MAGAZINE July - September 2018 51


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