I observed that the pair initially traded within an ascending trend channel, but the bullish structure weakened when it breached the lower boundary, triggering a decline. I noted that the breakdown below the support level of 167.586 was accompanied...
USDJPY Weekly Analysis The Federal Reserve’s relatively tight interest rate policy provides support for the US dollar. The Bank of Japan’s cautious policy has put pressure on the yen. Clearly, this difference in monetary policy is positive for the...
GBP/USD Technical Analysis H-4 Chart And I rarely look at the weekly timeframe lately. Maybe in vain. But this year I decided to switch to disciplined rails, and I try to look out for signals on my cockroaches on H1 (of course, I also look at H4...
GBPUSD Weekly Analysis The Bank of England has adopted a cautious stance on interest rates amid concerns about the slowdown in economic growth in the UK. Meanwhile, the Federal Reserve maintained its dovish stance, supporting the US dollar. This...
USD/JPY continues to struggle against its strong resistance at 151.91, making it difficult for bulls to gain traction. The technical outlook remains firmly bearish, as multiple indicators confirm the downward pressure. The RSI remains below 50,...
