Technical analysis of the EURJPY pair The technical analysis of the pair on the 4-hour chart shows the formation of a price peak and the possibility of a decline for correction. This week, the price started trading within the descending price...
GBP/USD Forecast Good Morning to all traders! Today, the UK GDP will help the buyers to cross the 1.2533 zone later. However, the US PPI rate and Crude Oil Inventories also can help the sellers. Moreover, the US Core Retail Sales is another crucial...
General Points about USDJPY: USD/JPY buyers are in a favorable position as the price has already broken the 154.35 level. The upward movement shows strong buying pressure, indicating that market sentiment remains bullish. It has also surpassed my...
USDJPY Technical Analysis The USDJPY pair is currently trading around 154.05, indicating a recovery from recent lows. The price has bounced from the 151.00 support zone and is now trading above key technical levels. The 150-period moving average...
The Japanese Yen (JPY) strengthened against the US Dollar (USD) on Thursday, as the USD/JPY currency pair retreated below the 154.00 level ahead of the European trading session. This JPY appreciation coincides with renewed selling pressure on the...
