The EUR/JPY H1 chart shows a strong downtrend over the past few weeks, characterized by lower highs and lower lows. However, recent price action suggests a potential reversal or correction as the price has bounced back from a key support level near...
GBP/USD remains in a strong uptrend, with the market favoring bullish momentum as long as the pair stays above the key pivot level of 1.2417. This support level plays a crucial role in shaping market sentiment, acting as a psychological anchor that...
The British Pound faces ongoing pressure as concerns over inflation and monetary policy persist. Bank of England (BoE) Deputy Governor Clare Lombardelli cautioned that inflation could remain above the bank’s 2% target, with wage growth stabilizing...
The NZD/USD pair experienced a slight decline on Wednesday, pulling back to the 0.5650 level as selling pressure reemerged following Tuesday’s attempt to recover losses. The pair continues to struggle around its 20-day Simple Moving Average (SMA), a...
The NZD/USD pair has displayed increasing bearish tendencies, with technical indicators supporting the probability of a further decline. The pivot level at 0.5661 is crucial, as a minor corrective rebound toward this level may be observed before the...
