USD/JPY remains under pressure after breaking below the critical 100-day Simple Moving Average (SMA), a development that has strengthened the bearish outlook. Oscillators on the four-hour chart have started gaining negative traction, reinforcing the...
The Japanese Yen (JPY) experienced continued depreciation against a broadly strengthening US Dollar (USD) on Friday, pushing the USD/JPY pair above the psychologically significant 150.00 level during early European trading. This weakening of the Yen...
Resistance in forex trading is a price level where the market struggles to break above. It's like a ceiling that prevents the price from rising further. Imagine you're in a room with a low ceiling. No matter how hard you try, you can't jump higher...
Market Fundamentals: The currency pair faces potential limitations on its upside due to the strength of the Dollar, which may find support following comments from President Donald Trump. Trump's statement, confirming that his tariff policy would...
In general, the technical indicators coincide with the overall outlook, supporting the possibility of a bullish trend continuing. The market setup implies that buyers have retained dominance, stopping any major downward shifts. Market behaviors...
