I observed that the pair initially traded within an ascending trend channel, but the bullish structure weakened when it breached the lower boundary, triggering a decline. I noted that the breakdown below the support level of 167.586 was accompanied...
The USD/JPY currency pair currently exhibits a strong bearish tendency, supported by multiple technical indicators that signal a potential downside movement. The key pivot point stands at 151.91, which acts as a critical resistance level,...
Global crude oil markets remain on edge as investors closely monitor the timeline for production normalization by key oil-producing nations. Any decisions made in this regard are expected to have a profound impact on the supply-demand equilibrium...
GBP/JPY is currently in a downward trend, with expectations for a fall of 110 to 159 pips. The resistance level at 188.58 is crucial in determining the market's direction. As long as the price stays below this level, the bearish outlook remains in...
EURUSD Weekly Analysis The European Central Bank said that interest rates should remain in check as economic growth in the eurozone slows. At the same time, the Federal Reserve maintained a relatively dovish stance and supported the dollar. This...
