Technical Analysis: Despite the small gap down below the weekly ascending trend line, price had a strong bullish movement up off of it, and led to the creation of an inverted H&S pattern. The neckline of the pattern has now been broken and has pulled back at the 38.2% fib level. Looking to see rejection on the lower time frames off of the daily support before going long.
Fundamental Analysis: The Yen's huge strength we have seen for the last month or so appears to be diminishing, coinciding with the CHF's ('safe havens') recent weakness, possibly due to investors increased risk-appetite as a result of the news that North Korea is open to denuclearization talks with the US, as well as fading fears of a potential trade war.
Fundamental Analysis: The Yen's huge strength we have seen for the last month or so appears to be diminishing, coinciding with the CHF's ('safe havens') recent weakness, possibly due to investors increased risk-appetite as a result of the news that North Korea is open to denuclearization talks with the US, as well as fading fears of a potential trade war.