USD/JPY Fundamental Analysis: USD/JPY is holding firm as market sentiment remains in favour of the dollar. After last week’s strong U.S. nonfarm payrolls report, the dollar got a fresh boost, reinforcing expectations that the Fed won’t rush into...
Forecast of GBPUSD One of the currency pairs that began in a gap today was the GBPUSD, which opened in a bearish gap. The gap opening was rather large, but I did not see any more bearish movement after that because the GBPUSD conducted a range...
Forecast of NZDUSD The price of the NZDUSD achieved the oversold level on several technical indicators, including the RSI indicator, on January 10th, when it challenged the support level of 0.5532 on the daily time frame chart. After the price...
GBP/USD Technical AnalysisThe Relative Strength Index (RSI) indicator on the 4-hour chart remains below 40, indicating that the bearish bias remains. The pair was last trading around 1.2310, where the 100-period Simple Moving Average (SMA) and the...
Technical analysis of GBPJPY Today I choose GBP/JPY for technical analysis. GBP/JPY is trading between minor resistance at 192.47 and support at 189.38. The market price highly respects this resistance and support level, after which the price...
