Traders identify key price levels where the market has historically struggled to move beyond (resistance) or drop below (support). These levels often act as decision zones for traders. Price action is a powerful approach to trading forex because it...
Have a good mood everyone! The buyer's strength is expressed in the linear regression channel on the M15 chart, which is growing. The stronger the channel slope, the more pronounced the buyer's activity. Bulls are doing everything possible to reach...
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...
The USD/JPY currency pair, representing the exchange rate between the Japanese Yen and the US Dollar, has been experiencing significant volatility recently. Currently hovering around the 148 mark, traders and analysts expect continued fluctuations...
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...
