The bullish meeting line is a candlestick pattern in forex trading that signals a potential reversal from a downtrend to an uptrend. It occurs when a bearish candle is followed by a bullish candle that closes at or near the previous day's close,...
Technical analysis of the GBPUSD pair The price is trading inside the white triangle shown on the chart, which is the common area between the red descending channel, which represents the price trend during the previous week, and the blue side...
The GBP/JPY currency pair experienced a decline during the European session on Friday, trading around the 193.00 level. This downward movement followed the release of disappointing economic data from the UK. The Office for National Statistics...
Technical analysis - USDJPY. The daily candle from the previous day is equal to my Fibonacci grid stretch, where the level 100-153.800 coincides with HIGH, and the Fibonacci with the numerical value 0-152.456 is tied to LOW. This Fibonacci...
The Japanese yen staged a modest rebound on Monday, recovering slightly from a three-week low against the US dollar. However, this recovery appears fragile, as market expectations for an imminent interest rate hike by the Bank of Japan (BoJ) have...
