Market Overview: GBP/USD Technical Analysis The Relative Strength Index (RSI) on the 4-hour chart for GBP/USD remains below 50, signaling a persistent lack of buyer interest. This bearish sentiment is supported by key technical indicators,...
GBP/USD remains in a downward trajectory, with 1.2425 acting as a critical resistance level that continues to cap any bullish attempts. As long as the price remains below this threshold, the risk of a bearish continuation remains elevated, with...
USD/JPY has established a critical support zone at 151.80, reinforcing the potential for an upward move of 69 to 134 pips, targeting 152.85 and 153.50 in extension. The market’s ability to sustain price action above this level suggests that buyers...
Since October of the previous year, the USD/CHF currency pair has experienced a significant uptrend, with the U.S. dollar appreciating by over 9% against the Swiss franc. This movement reflects a broader trend in which the dollar has strengthened,...
Weekly Analysis of GBPJPY: Chart Patterns and Trading Strategies Forex trading offers a plethora of currency pairs, each with its unique characteristics. Among these, GBPJPY stands out due to its distinct chart patterns that can lead to consistent...
