GBP/JPY remains under strong bearish pressure, with expectations of a decline between 110 and 160 pips if the price continues to trade below the significant resistance level of 191.28. This key level serves as a major barrier preventing any...
The NZD/USD currency pair snapped a four-day winning streak, trading around 0.5660 during Thursday's European session. The pair's trajectory remains uncertain, as indicated by technical analysis on the daily chart. A rectangle pattern has emerged,...
Technical analysis of the EURUSD pair The technical analysis of the pair on the 4-hour chart shows the beginning of an upward wave after the price succeeded in breaking the white triangle upwards. During this week, trading opened with a price gap...
General Points about EURUSD: Considering the current trend of the EUR/USD market, I believe it has the potential to move higher and break the 1.0455 level. The market sentiment appears to favor the euro, especially as recent economic data from the...
USD/JPY As of today, USD/JPY is showing some significant movement, with the pair dropping to an eight-week low of around 151.81. From my perspective, this decline is critical because it’s breaking below the 50-day moving average, signalling a...
