The GBP/JPY H1 chart presents a mix of consolidation and volatility, as evidenced by the Bollinger Bands and Stochastic Oscillator. Currently, the price is fluctuating around 188.56, indicating a neutral stance in the short term. The Bollinger Bands...
The morning trade on Friday saw Bitcoin set up a modest rally, since it seems to be testing the waters to obtain a rupture of its prolonged consolidation phase. At present, the market is characterized by significant noise, with oscillating prices...
Technical Analysis of XAUUSD XAUUSD closed Friday’s trading session at 2936, positioned between the immediate support level of 2920 and the resistance level of 2945. This suggests a consolidation phase, with the market awaiting a decisive breakout...
The USD/JPY pair has been in a clear downtrend on the H1 timeframe, with price action consistently forming lower highs and lower lows. The pair is currently trading near the 149.28 level, which appears to be acting as a short-term support zone. The...
Forecast of GBPJPY As the GBPJPY breached the 50 EMA line to the downside on this trading day, the primary trend for the currency from January 9th is bearish on the daily time frame chart. I saw a sharp decline in the price of this trading asset...
