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The chart shows a clear uptrend on the EUR/JPY pair in the hourly timeframe. After a period of sideways consolidation near the lower range of 157.60–158.70, prices broke higher and formed a strong bullish move. This upward momentum has pushed the...
The euro has staged a modest recovery over the past two days, rebounding from a two-year low of 0.8225 to trade near the 0.8300 level. This uptick comes amidst a backdrop of weakening economic prospects in the UK and expectations of further interest...
The USD/JPY is currently in an uptrend as indicated by the series of higher highs and higher lows visible on the chart. The price action has been consistently moving above the 50-period moving average (red line), confirming bullish momentum. The...
The USD JPY currency pair and several other USD JPY pairs appear to have similar movements, indicating a weakening outlook for the Japanese Yen. This may be due to profit-taking by market participants or the Bank of Japan's (BoJ) monetary policy...
