Gold Analysis The daily chart for gold has at the beginning of a new trading month and the approaching annual close. The chart shows rising price channels, indicating an upward trend in gold’s movement over the previous two months. The monthly...
Analyzed from the H1 timeframe, after successfully breaking through the closest resistance, USD/JPY immediately rose to 160.83. After this significant increase, USD/JPY may correct first. This morning, USD/JPY experienced a slight weakening and is...
1. **Economic Data**: Economic indicators from both the UK and Japan play a crucial role in influencing the GBP/JPY exchange rate. For the UK, data such as GDP growth, employment figures, inflation rates, and Bank of England's monetary policy...
In the AUD/USD currency pair, after experiencing a minor decline, the price swiftly reversed its course and resumed its upward trajectory, forming a complete bullish candlestick pattern. This bullish momentum was highlighted by the upper shadow of...
## Analysis of GBP/JPY at 203.35 with Bearish Trend ### Current Market Position As of now, GBP/JPY is trading at 203.35. This level is significant, indicating a notable point of support or resistance in the market. The current trend is bearish,...