The US dollar, which was previously experiencing some weakness, has rebounded after the FOMC announcement. The decision to keep rates unchanged has shown confidence in the resilience of the US economy amidst global uncertainties. Going forward,...
EUR/JPY ANALYSIS 03 JULY 2024 Daily Timeframe Analysis The EUR/JPY currency pair is displaying strong buying pressure on the daily timeframe. The price has shown a clear rejection at the EMA 50 level around 167.520, which is now acting as strong...
GBP/JPY Analysis 06 July 2024 On the current 4-hour chart, the market is still dominated by growth. The GBPJPY pair continues to gain upward momentum. Prices are moving above the Ichimoku cloud, which indicates a bullish momentum. Stochastic is also...
The first scenario involves the formation of a reversal candle and the expected resumption of price movement to the upside. If this plan works out, I will wait for the price to return to the resistance level at 174.516. If the price consolidates...
Today, the GBP/USD pair closed below its opening, maintaining its modest downward trend. The pair moved within a range of about 38 pips, which is relatively small. However, the candle broke below the H1 support level of 1.2658. When this support was...