Current indicators confirm the gloomy forecast. The RSI is currently at 37.80, indicating weak buying power. The market is approaching a selling peak, but there are no clear signs of a trend reversal yet. Meanwhile, the Stochastic Oscillator is...
USD/JPY Analysis Greetings and Good Morning, guys! The buyers of USD/JPY got stability on Friday as they successfully crossed the 150.60 zone, marking a significant bullish movement in the pair. This breakout reflected the USD’s resilience and...
GBP/USD As of today, GBP/USD is consolidating within a tight range, showing indecision in the market. The pair is hovering between key levels, with the 50-day EMA acting as support near 1.2500, while the 200-day EMA presents resistance around...
GBP/USD Technical Analysis In the 1-hour timeframe, the market structure for GBP/USD was previously in a downtrend but has now broken out and is moving upwards. After this structural change, buying pressure emerged, pushing the price towards the...
I wouldn't consider selling at your level. I have also drawn a Fibonacci retracement, and at 1.2655, there is a key hourly resistance level at 61.8%. However, if GBP/USD reaches that point, I will likely wait for a breakout rather than sell. I have...
