GBP/USD
The pair continues to hold its range-trading pattern with no clear sign of direction. The price sits evenly between the Bollinger Bands on all charts, and continues to float in neutral territory on all oscillators. Waiting for a clearer signal might be the right choice today.
USD/JPY
There appears to be a bearish cross forming on the hourly chart's Slow Stochastic, signaling an imminent downward correction. The Bollinger Bands on the 30 min. chart also appear to be tightening, indicating some volatility could take place in the near future. Going short might be the right strategy today
The pair continues to hold its range-trading pattern with no clear sign of direction. The price sits evenly between the Bollinger Bands on all charts, and continues to float in neutral territory on all oscillators. Waiting for a clearer signal might be the right choice today.
USD/JPY
There appears to be a bearish cross forming on the hourly chart's Slow Stochastic, signaling an imminent downward correction. The Bollinger Bands on the 30 min. chart also appear to be tightening, indicating some volatility could take place in the near future. Going short might be the right strategy today
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