Greetings. The possibility of the EUR/JPY reaching the 270 mark exists, but it appears unlikely under current market conditions. Therefore, it maekes sense to look at reference points that are somewhat closer to the current price levels. One...
The EUR/JPY currency pair has been under significant selling pressure, with bearish sentiment dominating the market. This trend has persisted despite the European Parliament election, an event that many hoped would bring a shift in market dynamics...
GBP/USD D1 chart The British pound found itself in a curious position on Friday. Despite positive retail sales data and a PMI report indicating continued economic growth, the pound remained lower against most US currencies, with the exception of...
AUD/USD D1 chart Recent data painted a concerning picture for the Australian economy. The Judo Bank Australia Manufacturing PMI plunged to 47.2 in June, marking the steepest decline since May 2020. This contraction, coupled with a souring investor...
USD/JPY was confidently pushed north yesterday, which resulted in a full bullish candlestick that closed above the previous daily range high, forming a full bullish candlestick that was able to exit the accumulation that was forming. Given the...