GBP/JPY’s recent rallies might come to a halt and start to reverse as the pair is hitting resistance at the 157.50 to 158.00 psychological levels.
USD
The US government shutdown is still ongoing as the White House rejected the latest proposal from the House Republicans regarding spending cuts on healthcare.
A complex head and shoulders pattern seems to be forming on EUR/USD’s 4-hour time frame, as the pair is testing the neckline around the 1.3500 handle.
USD
The US dollar erased some of its progress in the past trading days as the government shutdown and budget impasse continues.
GBP/JPY is still on a steady uptrend on its longer-term time frame, despite the selloff seen in the past few weeks.
USD
The dollar carried on with its recovery on Thursday, as risk remained off but traders started pricing the possibility that Washington will come up with a budget deal over the weekend.
USD/JPY has recently broken below the long-term rising trend line on the 4-hour time frame, signaling that the uptrend may be over.
USD
The U.S. dollar was able to bounce back to action yesterday, but it remains to be seen whether this is just a temporary pullback.
GBP/AUD has been moving sideways on its 4-hour chart, as it found support at 1.6900 and resistance at 1.7400.
USD
The US dollar was able to make a quick bounce in the Asian session but gave up its intraday gains back to its major counterparts, as the lawmakers in Washington still haven’t reached a deal on the budget.