In this technical article, we will take a quick look at the Elliott Wave charts of the GBPUSD forex pair published in the members section of the site. As our members know, GBPUSD recently gave us a correction to the 1.2664 low. The pair reached our...
The price is currently facing resistance as pressure on the US Dollar (USD) eases, due to a notable reduction in expectations for a significant interest rate cut by the US Federal Reserve (Fed) in September. The CME FedWatch Tool reveals a sharp...
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The USD/JPY 4-hour chart illustrates a clear downtrend, with the pair currently trading at 141.620. This decline has been consistent since mid-July, following a peak near 156.000. The price action reveals multiple distribution liquidity (DLiq) areas...
Technical Analysis of the USDJPY Pair On the 4-hour chart, the price is trading in a sell zone as it is trading within bearish price channels and also trading below the weekly pivot level. The price initially fell and reached the weekly support...