EUR/JPY H1 The EUR/JPY currency pair has been stuck in a narrow trading range between 168 and 170 for over a month. This period of consolidation has seen a decline in buying interest, while selling pressure has started to mount. Sellers seem to be...
The chart you provided shows the USD/JPY (US Dollar/Japanese Yen) foreign exchange (FX) rate over a specific time frame, likely one week, as indicated by the selection at the bottom of the chart. The chart appears to be a candlestick chart, a type...
What is Pivot point in Forex Trading? Detailed Calculation of Pivot Points Pivot points are derived from the previous day's high, low, and closing prices. Here's a step-by-step breakdown of their calculationivot Point (P)=High+Low+Close3P =...
The GBP/USD currency pair, commonly referred to as "Cable," is currently trading at 1.2682. This price level reflects a bearish trend, indicating that the British pound is weakening against the US dollar. While the market has been moving slowly,...
### Analysis of the GBP/USD Exchange Rate and Upcoming Market Movements #### Current Market Situation As of the latest data, the GBP/USD exchange rate is sitting at 1.2691. The market sentiment currently appears bearish, indicating that the British...