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The European Central Bank's decision to reduce interest rates by 25 basis points on Friday has further weakened the Euro, pushing the pair near the 1.0550 level. This downward trend, which began after the pair peaked above 1.1200 in late September,...
USD/JPY Technical Analysis: The USD/JPY pair is trading around 148.50 today, holding steady above its 50-day moving average, which supports a bullish outlook. I’ve noticed resistance building at 148.80, and if the price breaks this level, we might...
Technical Analysis of USD/JPY Last week, the Japanese yen continued a slight decline in the rate and repeatedly reached new highs. Having broken through the level of 151.80 (finding support), the price rebounded and began a sharp move to the level...
The spot price reached a fresh weekly low of 0.8920 during Friday's European session, driven by a strengthening of the USD Index after a brief recovery earlier in the week. The Swiss Franc remains buoyant near the 0.8900 level, benefiting from...
