Technical analysis of GBPUSD The GBPUSD pair is currently exhibiting a downward trend, trading at 1.2895 at the time of writing. This movement suggests bearish momentum in the near term, with key levels to watch for potential reversals or...
The British Pound against the Japanese Yen is currently forming a "Head and Shoulders" pattern, which is a well-known technical pattern that suggests a potential reversal in the price direction. This pattern consists of three distinct peaks: the...
I observe that the AUD/USD pair has exhibited significant bearish momentum in recent sessions, marked by a breakdown of critical support levels and sustained selling pressure. The pair initially traded within a range between resistance at...
General Points about GBPUSD: There is a lot of uncertainty in the GBPUSD market right now. Today’s UK news events have also weakened the Pound, creating fresh concerns for those expecting bullish momentum. At the same time, the news from the US...
What is Position Trading? Position trading is a long-term trading strategy where traders hold positions in the market for weeks, months, or even years. Unlike scalping or day trading, position trading is not concerned with short-term price...
