Technical Analysis: We can see that an inverse head and shoulders pattern is developing on the weekly chart. Assuming price breaks the neckline at around 50.60, we can expect upside potential towards 60. Fundamental Analysis: OPEC agreeing on a production freeze will help to support oil prices in the near future. Also with the FOMC holding off raising...
USDJPY has been in a bearish channel since the start of 2016. Now finding itself with a tightening of the channel due to a strong level of support from the 100.000 price level. If the bearish momentum continues there could be a breakout under the 100.000 price level. If 100.000 continues to act as strong support, there could be a potential bullish breakout....