We continue to consider the scenario for the USD/JPY currency pair. At the moment, the price is showing a corrective downward movement from the level of 156.10, which now acts as resistance. The asset is trading at historical highs. Over the past 20...
GBP/JPY Marekt Analysis We didn't find any particular movement in the market of GBP/JPY yesterday, as it remained steady around the 199.53 zone. There was no significant news affecting either currency pair, leading to a quiet trading session. This...
Order block strategy Order block strategy is a trading strategy that aims to identify and trade off significant price levels or "blocks" where a large number of buy or sell orders are concentrated. These blocks are believed to have a strong impact...
The GBP/USD currency pair faced significant bearish pressure on Friday, leading to a notable price movement on the H4 (four-hour) timeframe. This shift is particularly important for traders and investors who closely monitor this popular forex pair,...
Technical factors also play a crucial role in determining the support and resistance levels in currency trading. The 0.61068 support level might have been identified based on historical price action, where previous price movements found support or...