Recent Articles by James Chen


May 29th, 2012 23:59:06 GMT.

GBP/USD Breaks Down Support


5/29/2012 – Price action on GBP/USD (a daily chart of which is shown), as of 5/29/2012, has tentatively broken down below the 1.5640 support region, which was also around the 61.8% Fibonacci retracement of the latest uptrend run from mid-January … Continue reading


May 23rd, 2012 23:59:58 GMT.

USD/JPY Traversing Bearish Channel


5/23/2012 – Price action on USD/JPY (a daily chart of which is shown), as of 5/23/2012, has been descending within a clear channel for the last month. This downtrend channel occurs after price hit a long-term high just above 84.00 … Continue reading

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