In recent weeks, the pair has exhibited notable volatility, potentially forming a double-top reversal pattern in October and November. This technical pattern suggests a bearish outlook, with the first downside target positioned at 1.0650. This level...
M-1 Chart Technical Outlook USD/JPY USDJPY failed to sustain its bearish momentum and after touching a low of 153.81, prices started correcting higher against the USD in the US trading session today. We can see the prices are close to the channel...
Price Movement and Trend Analysis The GBP/JPY price is currently around 198.122. The chart shows a fluctuating trend with significant upward and downward movements over recent sessions, typical of a range-bound market. However, the moving average...
Technical analysis of the GBPJPY pair On the 1-hour chart, the GBPJPY pair price is trading in a support area, which is the weekly pivot area. The technical analysis of the GBPJPY pair shows that trading today started within the descending price...
Xauusd / Gold Technical Analysis Looking at the senior timeframes, there is still a possibility for buyers to resume growth and target the 2800 level. For this to happen, they must first consolidate at the 2710.28 level. If successful, this could...
