Importance of Support and Resistance Levels in Trading Support and resistance levels are fundamental concepts in technical analysis that help traders predict potential price movements and market trends. They represent price points on a chart where...
The GBP/JPY currency pair has been experiencing continued downward momentum, with the current price action indicating a potential decline ranging from 102 to 151 pips. The pair has been unable to break above the critical resistance level at 189.51,...
Today is Saturday, and the market is closed, but we can analyze the USDJPY currency pair on the daily timeframe. The pair closed at 149.29 last week, showing significant selling pressure, which indicates a strong bearish trend. On the daily chart,...
The GBP/JPY pair remains under significant selling pressure, with technical indicators pointing toward further declines within a projected range of 102 to 151 pips. The inability to break above resistance at 189.51 keeps the bearish bias intact, as...
EUR/USD Daily Forecast The current situation of the EUR/USD currency pair is quite intriguing. This pair has been demonstrating a green momentum for five consecutive days, indicating a potential shift in market sentiment. Recently, it has managed to...
