If it fails to resume the pullback within the mother bar range, it has the potential to fall again and continue the decline, leading to the projection of the inside bar pattern around the RBS area at 1.2680. The price decrease may resume if it...
The GBP/USD currency pair recently broke through a significant resistance level at 1.3037-1.2992. This breakout, especially around the 1.29300 mark, is a notable development in the forex market. After breaking the resistance, the pair is now trading...
What is a rounding top? A rounding top is a U-shaped peak, also called a "reversed saucer". The peak is very rounded with a flat bottom . However, in many cases, there are several bullish peaks, but they do not call into question the pattern’s...
### GBP/USD H4 Chart Analysis Today, we will delve into the price action analysis of the GBP/USD currency pair, focusing on the H4 chart. Recently, the GBP/USD pair demonstrated an ideal sell signal, reflecting significant market activity. **Recent...
Technical Analysis of USD/JPY The yen continued to strengthen in the last trading week. After breaking below the 158.43 level, the price managed to stabilize and turned sharply lower after a retest in the opposite direction, breaking below the...