What to Expect Trading the First Day, Week and Month of 2018

Talking Points: December is historically the most sanguine time of the year as liquidity drains and motivation for breakouts and trends subsides Historically, January doesn’t offer up a dramatic volatility return according to VIX seasonality; but S&P 500 suggests differently While recent history points to volatile Januaries, we should take both seasonal and structural conditions […]

Forex-GBPJPY-Faces-Biggest-Test-of-Month-Long-Downtrend_body_Picture_3

GBP/JPY Faces Biggest Test of Month Long Downtrend

GBP/JPY near-term slope identified off the lows Updatedtargets & invalidation levels Short-bias at risk while above 131 GBPJPY Daily Chart Created Using TradingView Broader Technical Outlook: GBPJPY has been probing the 2011 trendline support for the past few months with the most recent pullback rebounding off basic slope support extending off the July lows. The […]