GBP-JPY Pair Forecast The price movement of the GBP-JPY pair is gradually tightening. During Wednesday’s trading session, there were no significant movements; the price fluctuated between 188.67 and 188.74, close to the 200-period Exponential...
GBP/JPY pair has consistently stayed above the Simple Moving Average (SMA) 60 and 150 indicators, indicating that, overall, the pair remains supported by a longer-term upward momentum. These two moving averages act as key indicators of trend...
What Is a Double Top? The double top pattern indicates a bearish reversal and warns traders about a possible trend reversal down at the top. This pattern is often found in the Forex market, as well as in the cryptocurrency, stock, and commodity...
USD/JPY Trade Analysis and Trading Tips Current Market Overview The USD/JPY pair tested the price level of 145.24 when the MACD indicator was significantly above the zero mark, which limited the pair's upward potential. Due to this reason, I...
The pair has halted its 11-day rally, now trading around the 1.3590 level during Friday's US session. The price found support from improved market sentiment, fueled by a stronger-than-expected recovery in US Retail Sales, which eased fears of a...