The US dollar faced significant selling pressure against the Japanese yen, with the pair approaching a critical near-term support level. While the recent decline may cause concern for bullish traders, the area around ¥156 is worth watching closely....
USDJPY TECHNICAL ANALYSIS The Japanese Yen (JPY) weakened significantly against the US Dollar (USD) recently, reaching its lowest level in a month. The decline occurred after Bank of Japan Governor Kazuo Ueda's press conference did not provide a...
GBP/JPY Market Outlook Greetings and Good Morning to everyone! The UK GDP and CPI rates were too good, and these rates made the pound stable. Today, I expect that the market of GBP/JPY will cross the 193.66 zone soon. Also, this stance has led to a...
Bullish Inside Bar Chart Pattern The Bullish Inside Bar Chart Pattern is a candlestick chart pattern that signals potential bullish momentum and is often used by traders to identify possible reversals or continuation of an uptrend. Here’s a...
Forecast of USDCHF The USDCHF's bullish trend on the H4 time frame chart has ended, and the current candle shows a change in trend as the USDCHF surpassed the 50 EMA line in a bearish direction. Overall I am observing this bearish movement from the...
