The chart demonstrates notable price fluctuations, reflecting a market characterized by alternating bullish and bearish movements. In early December, the price exhibited a strong uptrend, reaching a peak near 108,000. This rally likely indicates...
The currency pair moved in a narrow range on Friday. However, buyers had an advantage in the market. The price has been under buyer dominance since the Asian trading session opened on Friday at 1.8382. The price rose, and the breakout of the nearby...
In my personal view, technical analysis remains one of the most reliable methods to gauge market trends, particularly for volatile pairs like GBP/JPY. Observing the provided chart, it becomes clear that the market has experienced a gradual downtrend...
The US dollar surged against the Japanese yen amid widening interest rate differentials The US dollar strengthened significantly against the Japanese yen, largely due to widening interest rate differentials. As US interest rates rise, the dollar's...
I believe the chart represents a dynamic market with significant price fluctuations within a defined range. The price oscillates between approximately 94,000 and 101,000, showing clear levels of support and resistance. The green line around 94,000...
