The USD/JPY pair shows potential for a significant move, with an expected rise of 89 to 132 pips, contingent upon the critical pivot level at 155.24. This area acts as a foundation for market stability, where a temporary decline toward the pivot is...
The price has shown resilience despite weaker-than-expected inflation data from China. China's Consumer Price Index (CPI) rose 0.6% year-on-year, slightly above the previous 0.5% but missing the 0.7% market forecast. Monthly CPI inflation increased...
General Points about AUDUSD This week has been favorable for AUDUSD buyers, as the pair has shown strong bullish momentum after breaking above the key 0.6300 level yesterday. The breakout signals increased confidence among buyers, supported by...
The upcoming week, spanning January 27 to February 2, 2025, is poised to be eventful for forex traders, with several significant economic events and data releases that could influence currency markets. Here's a detailed overview: 1. Central Bank...
Currency pair GBPUSD - today we will consider the chart of the D1 period. Last week we could develop a confident growth, which, however, was quite expected and promising. Traders drove the price down mid-week while testing the 1.2370 horizontal...
