Technical Overview Of GBP/USD The GBP/USD pair is still holding nicely throughout Monday's London session at 1.3400 resistance level. The data released on Friday revealed that US inflation also decreased in August, maintaining the bearish outlook...
Pound/yen closed the past week with a bullish candle, neutralizing the two previous bearish candles. However, it is clearly too early to talk about a reversal to the north at the moment, so I continue to look south. But there is no reason to open...
The currency pair in question is currently experiencing a corrective phase, trading below the monthly pivot level of 1.3624 and near the weekly pivot of 1.3584. This setup indicates a lack of upward momentum, as traders may be hesitant to push...
The EUR/JPY price has experienced a significant rise from its weekly low, but this upward momentum has now been halted at the resistance level of 161.17. At this level, the price seems unable to break through, which is often a sign of weakening...
In the world of technical analysis, understanding key support and resistance levels is crucial for predicting price movements in financial markets. The scenario you've described offers an insightful glimpse into the dynamics surrounding a currency...
