Currency pair GBPJPY - we will consider today in the middle of the week the senior chart of the D1 period. The wave structure here has a descending character. After the last wave of decline updates the minimum of the previous one, the third wave...
I observe that on the daily chart, gold formed an ascending price channel in early February last year, and it continues to trade within this structure, currently hovering near 2,934. I believe the technical setup here is compelling for bullish...
Market Fundamentals: The spot price maintains positive traction around the 0.5600 mark during Asian trading hours, supported by the People’s Bank of China’s (PBOC) decision to keep its Loan Prime Rates (LPRs) unchanged. Investors remain cautious...
GBPUSD Technical Analysis GBPUSD is currently trading around 1.2569, experiencing resistance near the recent highs. The daily chart suggests a potential slowdown in bullish momentum, while the H1 timeframe shows a pullback with price struggling to...
The US dollar initially fell against the Japanese Yen at the beginning of the session, but quickly reversed the course and now shows a renewed force. At present, the PAR is negotiated around the 200 -day exponential mobile average (EMA), which many...