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Technical analysis of GBPJPY Today I choose GBP/JPY for technical analysis. GBP/JPY is trading between minor resistance at 192.47 and support at 189.38. The market price highly respects this resistance and support level, after which the price...
GBP/USD Technical AnalysisThe Relative Strength Index (RSI) indicator on the 4-hour chart remains below 40, indicating that the bearish bias remains. The pair was last trading around 1.2310, where the 100-period Simple Moving Average (SMA) and the...
USD/CHF Today, I’m observing that the USD/CHF pair is trading within a relatively narrow range, and my analysis points to a mildly bullish bias. In my view, as long as the pair stays above the key support level of around 0.8964, I expect the upward...
EUR/USD Fundamental Analysis: EUR/USD is struggling today as the U.S. Dollar remains strong following last week’s solid NFP report. The stronger-than-expected jobs data reinforced expectations that the Fed might hold off on rate cuts longer than...
