The British pound against the Japanese yen pair is a barometer for risk appetite more than anything else under normal circumstances.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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NZDUSD analysis: Bullish after significant higher low at 0.6500
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Bitcoin: consolidating below 1-year high near $9k
USDCAD: Bullish but failure to make clean breakout beyond 1.3500
USDCHF Analysis: bearish as risk-off sentiment boosts Franc
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The Euro rallied significantly during the trading session on Friday, reaching towards the 1.1165 handle.
The US dollar initially rallied against the South African Rand during the trading session on Friday, but then rolled over rather significantly.
The S&P 500 broke down during the trading session on Friday, slicing through the 200 day EMA.
The WTI Crude Oil market broke down again during the day on Friday, slicing through the $55 level.
The US dollar broke down significantly against the Japanese yen during the trading session on Friday, as there has been a major “risk off move.”
Gold markets exploded to the upside during the day on Friday, reaching above the downtrend line that has been so prevalent on the daily chart.