The foreign exchange market saw a surprising turn of events on Friday during the European session. The GBP/JPY currency pair defied expectations by surging past the key psychological support level of 200.00, reaching a new multi-year high of...
Crude Oil Price Action Review The current topic of discussion is the Crude Oil price behaviour analysis. Yesterday, oil continued to consolidate at around 78.0. The upper wicks on the daily candles indicate resistance, suggesting a possible...
U.S. dollar rose sharply against the Japanese yen on Monday morning as we now threaten the 158 yen again. Frankly, this is the part of the market you don’t like to short. At least you don’t have to because although we get withdrawals from time to...
Gold (XAU/USD) traders are closely monitoring the critical resistance level of 2300. A break above this threshold could signal the continuation of the bearish trend, opening up opportunities for new gains. Traders, anticipating this breakout, may...
Crude Oil Price Signals The Crude Oil price behavior analysis is a matter for discussion. By the end of the trading week, WTI futures quotes had secured a position above the upper limit of the descending daily channel. However, this position is only...