Analysis of GBP/JPY on H4 Timeframe Good evening, everyone. In this analysis, I will examine the GBP/JPY currency pair using the H4 timeframe. As of now, the price is trading below both the 21-period and 34-period Moving Averages, indicating that...
Understanding Resistance in Forex Trading: A Key to Identifying Market Barriers In forex trading, the concept of resistance plays a crucial role in understanding price behavior, predicting market reversals, and developing successful trading...
USD/JPY Technical Analysis The USD/JPY currency pair currently trades at 147.041, between key support levels at 146.42, 144.33, and 140.65 and resistance levels at 151.99, 154.87, and 158.90. The pair has shown strong bullish momentum, with buyers...
I believe that the USD/JPY pair is currently facing downward pressure, and I see no compelling reason for it to move north. I have already made my case regarding the Bank of Japan (BOJ) potentially raising rates by 0.5 to 1 basis point in March,...
PAIR REVIEW NZDUSD Hello! When the pair was trading near the support of 0.55803, there was a volume for sale here. I assumed the pair would go further lower. As a result, there was growth, the growth was to resisting 0.56431. The pair rolled back....
