I believe that the current movement in the GBP/USD pair is characterized by a four-hour sideways consolidation between the Murray 6/8 level at 1.2573 and the 7/8 reversal level at 1.2634. I think it is challenging to determine whether the bears will...
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Core Points about USDJPY: The USD/JPY market has been showing significant volatility, with sellers maintaining strong control. Last night, the market reached the 151.66 level, which indicates that sellers are still strong and pushing prices lower....
GBP/USD - February 19: UK Inflation Hits Record Highs On the hour graph, GBP/USD continued to move around the resistance zone of 1,2611 - 1.2620. The jump from 1.2611 - 1.2642 would prefer the US dollar and signal a decline towards 61.8% Retracement...
TRADING CHART ON NZD/JPY H4. The New Zealand dollar is expected to drop in value because the Reserve Bank of New Zealand lowered interest rates. This decrease, from 4.25% to 3.75%, might cause the NZD/JPY exchange rate to decline. This fits with the...
