Today's interesting charts January 18th 2016
Japanese Yen per 1 British Pound – the Pound completed a Type-2 top in December and has fallen for six consecutive weeks to form a deep short-term oversold condition, Potential for a reversionary rally is improving but a sustained move above ¥180 would be required to begin to question medium-term Yen dominance.
The Bombay Banks Index has been falling faster than the wider market and while oversold in the short-term, a sustained move above 20,000 will be required to break the yearlong progression of lower rally highs.
Ruble per 1 US Dollar has returned to test the late 2014 peak but a clear downward dynamic will be required to check the Dollar’s dominance.