GBP/USD Analysis: Strong Bearish Signals Indicate Further Decline The GBP/USD currency pair is my favourite trading pair because it offers me higher chances of making a good profit. Currently, the price is trading at 1.2629 levels. On the H4 chart,...
Bear flag patterns are technical chart formations that signal the continuation of a downtrend in the forex market. These patterns are commonly used by traders to identify potential entry points for short positions, allowing them to capitalize on the...
The pair experienced a decline during the North American session, primarily due to weaker-than-expected employment data from the UK, which undermined the Pound Sterling. Consequently, the major currency pair traded at 1.2660, down by 0.11%. This...
In my morning forecast, I pointed out the level of 1.0701 and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened there. The breakout and retest of 1.0701 after weak German statistics led to...
Hello all traders how are you? The EUR/JPY currency pair has shown recent interesting movements. It reached the pullback level of 168.50-168.75 but failed to break through, stalling between 168.20 and 168.64. This indicates strong resistance...