It seems lately that traders that go against the Pound just can’t lose. The GBP/USD pair dropped about 1,600 pips in less than two months. The GBP/JPY cross dropped almost 2,000 pips in 3 months, and the EUG/GBP pair gained about 500 pips in 6 weeks. There are many economic speculations regarding the reasons of this [...] The Australian Dollar rose against 12 of the 16 most-traded currencies after better than expected Japanese GDP data was released overnight. Gross domestic product in Japan, Australia’s second-largest trading partner, rose at an annual 4.6% pace in the fourth quarter, more than the 3.5% median estimated by economists. This prompted speculations that a recovery in [...] During yesterday’s trading session, the Euro continued to strengthen vs. the Dollar. This took place mainly due to speculations regarding a possible rescue plan for Greece. Today, this optimism is likely to continue, and the EUR/USD has potential to reach towards the 1.3850 level. However, several U.S. economic publications which are expected today might change [...] GBP/CHF: The pair may be seeing some downward correction today. A breach of the upper Bollinger Band is evident on the 2 hour chart, while a bearish cross is evident on the 4 hour and 8 hour charts' Slow Stochastic. The two hour, 8 hour and daily RSI are floating in the overbought territory, supporting the notion of a correction. Forex traders are advised to go short for the day. The number of people employed rose 24,500 from September, beating economists’ expectation for a decline. The jobless rate rose to 5.8% from 5.7%. The unexpected rise in employment pushed the AUD to its highest level this year, prompting speculations of further interest rate increases by the central bank for the 3rd straight month. Economists expect [...]