For a very brief period, the British pound rose above $1,290 after data showed that private sector activity in Britain expanded strongly in July. Purchasing Managers' Index data indicated a slight acceleration in growth in services activity and the...
The yen is currently placed in a downward price channel, that is, if the interval of the M15 chart will be considered. At present, the price movement is spotted at the lower border going to its upper boundary located at the resistance level of...
Start by defining your trading goals, whether they are short-term profits or long-term growth. Determine your risk tolerance and set limits on the amount of capital you are willing to risk per trade. Choose a trading style that aligns with your...
This proposal outlines day trading strategies that focus on buying at support levels of 156.200 and 156.340. The trades are aimed at a target price of 157.500 for potential profit. Additionally, a stop-loss is set at 155.795 to manage risk and...
USD/JPY H-1 As of writing, the USD/JPY pair is showing a southern correction in the upper half of the chart, at 156.704. The Instaforex indicator on this forum shows a slight advantage for buyers in the first section, with a range of 52.91%. In the...