We continue to consider the scenario for the USD/JPY currency pair. At the moment, the price is showing a corrective downward movement from the level of 156.10, which now acts as resistance. The asset is trading at historical highs. Over the past 20...
In analyzing the current state of the EUR/USD pair on the H4 chart, it's evident that the currency pair is entrenched within a crucial support zone, delineated by the range of 0.6573 down to 0.6550. This support area finds its foundation in the...
The level of 1.4220 is a critical point for this currency pair, acting as a pivotal resistance. If the market price manages to break out above this initial resistance level, it would signal a potential shift in momentum from bearish to bullish. In...
GBP/JPY Analysis (March 4, 2022) Chart Analysisrice Levels and Channels: The chart indicates that GBP/JPY is trading within a descending channel, showing a bearish trend. Current price is at 154.874, and key resistance and support levels are...
Shezuka trading discussion He slowdown in US manufacturing activity boosted the British pound against the dollar, pushing it toward the resistance level at 1.2805. Despite a correction to the support level of 1.2786, demand remains strong,...