EUR/JPY: Navigating Today’s Market Movements(March 6,2025) Eurozone Inflation and ECB’s Strategy In the Eurozone, inflation continues to be a central issue. February’s inflation data revealed core inflation at 2.4%, prompting speculation that the...
On Thursday, the AUD/USD currency pair is trading around 0.6330, where technical analysis of the daily chart indicates that the price is moving upward within a new ascending channel pattern. This pattern suggests a bullish bias. Additionally, the...
AUD/USD: Market Jitters Keep Traders on Edge(March 6,2025) What’s Driving the Market Right Now? The Reserve Bank of Australia (RBA) is keeping interest rates at 4.35%, showing no rush to make changes. Inflation is cooling, but not enough to justify...
GBPJPY Analysis The GBP/JPY pair is currently showing strong momentum above the descending triangle formation. The price broke the 190.00 resistance level and is currently trading at 192.29. This increase indicates a revival of buying interest and a...
Technical analysis of GBPJPY Today I choose GBP/JPY for technical analysis; the market price is between 192.61 resistance and 190.52 support. Market price breaks below resistance and shifts from support to price action. However, if your market price...
