In recent days, the yen moved higher against the greenback as safe-haven buying supported the Japanese currency. In this environment, USD/JPY declined to important support and approached the Jun low. Double bottom or new lows?

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Yesterday, the euro moved sharply lower against the greenback as worries over the effects of the Brexit vote continued to weigh on the common currency. As a result EUR/USD declined under short-term support line and closed the day below it. What does it mean for the exchange rate?

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Earlier today, the British pound extended losses against the U.S. dollar after remarks by the Bank of England. In this environment, GBP/USD hit a fresh multi-year low and declined under key support lines. What does it mean for the exchange rate?

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Earlier today, official data showed that U.K. manufacturing purchasing managers’ index rose to 52.1 in Jun, beating analysts’ expectations and increasing to the highest level since Jan. Thanks to these bullish numbers, GBP/USD moved slightly higher against the greenback. Is this lack of a stronger reaction suggest that the worst is not behind the pound?

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Earlier today, official data showed that the number of unemployed people in German dropped by 6,000 in Jun, beating analysts’ forecast, which supported the euro and pushed EUR/USD to the previously-broken long-term line. Will it stop further improvement in the coming days?

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