Technical analysis of USDJPY Today I chose USD/JPY for technical analysis. The market is currently in a downtrend, and the price is falling, helping it pull down the downtrend line. USD/JPY market price broke the support level at 148.91 and the...
The 150.75-150.80 area is identified as an important resistance zone. This means that if the USD/JPY pair moves upward, this range could act as a barrier where sellers may step in, making it difficult for the price to continue rising. This...
The European Central Bank (ECB) is set to hold a closely monitored policy meeting next week, with officials offering mixed signals about the future direction of interest rates. ECB policymaker Joachim Nagel emphasized that the central bank has the...
The USD/JPY pair has surged towards the critical psychological level of 150.00 during North American trading hours on Wednesday, driven by a rebound in the US Dollar ahead of the Federal Reserve’s (Fed) monetary policy decision at 18:00 GMT. The US...
The Australian Dollar (AUD) extended its bearish momentum for the second consecutive session on Wednesday, as AUD/USD retreated to a two-day low near 0.6320. This decline was primarily driven by a strengthening US Dollar (USD) following the Federal...
