GBPJPY Daily Forecast The daily chart of the GBP/JPY pair presents an interesting technical picture that reflects the transition from a long-term decline to a potential decline. First, the pair is trading within a downtrend channel characterized by...
AUD/USD Daily Chart Analysis Current Price Action Overview According to today's analysis, the AUD/USD currency pair is approaching a strong support zone located around the 0.6120 level. This level has previously caused significant price bounces in...
USD/JPY Outlook Greetings and Good Morning to all traders! We saw a bearish scenario on USD/JPY on Friday as the pair successfully crossed below the 148.03 zone. The primary reason for this decline was the relative strength of the JPY, driven by a...
EUR/USD Technical Outlook: EUR/USD has been stuck in a consolidation phase, hovering between 1.0920 and 1.0980. The 200-day SMA around 1.0950 is acting as a key pivot level, and right now, momentum looks neutral. The RSI is sitting near 52, showing...
The Australian dollar is one of the most intriguing currency pairs that I am monitoring at this time, and its behavior often offers ideas that can be applied to similar currencies, such as the New Zealand dollar. Recently, the Australian has...
