EUR/JPY Trading Analysis Update Friday, February 21, 2025 The EU PMI data report to be released in the European session is likely to have a significant impact on the outlook for the Euro currency. Yesterday, the dominance of sellers in the EURJPY...
As the pair trades in a rising wedge formation, EUR/USD may lose territory in the event of a bearish reversal. If the 14-day RSI crosses the 70-point threshold, it would imply a downward correction. The nine-day EMA of 1.0453 might be the pair's key...
GBP/USD Daily Chart The GBP/USD market is currently in an uptrend, trading at 1.26612 on the daily chart. Today is an important day for the forex market as several essential news events occur in the GBP market. These economic data are expected to...
Technical analysis of USDJPY Today I choose USD/JPY for technical analysis. USD/JPY is trading between minor resistance at 150.96 and support at 149.09. The market price highly respects this resistance and support level, and the price walks in this...
The current short-term situation appears to be following the broader monthly trend, but I note that a new short-term turning point emerged just yesterday at the level of 1.2637. I believe it is now advisable to test this level from above, as this...
