The past week showed a continuation of the upward trend for the EUR/USD currency pair, but the bulls faced resistance when attempting to retest the 1.0500 level. I observed that buyers were unable to surpass the February 14 high of 1.0515 or the...
GBP/JPY Key Price Levels The GBPJPY currency pair in the last two months which has been more dominantly moving in its bearish path, then it is likely to try to push down again targeting the decline target in the range of level 187.56. Of course,...
The USDJPY market stands at the 149. 24 mark, signifying strong selling activity in the past week. A bearish trend is still observed, indicating that market feelings lean towards further declines. Price movements show ongoing selling pressure, with...
The currency pair EUR/USD faced considerable resistance last Friday, finishing down by 0. 44% at approximately 1. 0450 after encountering resistance at the important 100day Simple Moving Average (SMA) close to 1. 0540. This reversal indicates a...
Understanding key technical levels in the market is essential for successful trading. The primary support level is at 1.2100, which has historically been a strong buying zone. A bounce from this level indicates bullish sentiment. The secondary...
