U.S. dollar fell sharply during the week, falling below 142 yen before reversing course. This retracement indicates that the week could end in a hammer candle chart, which is generally considered a bullish signal. The important question now is...
The EUR/JPY currency pair is currently trading around 160.08, and it has been in a bearish trend for some time now. The market has been moving downward at a slow pace, reflecting a cautious sentiment among traders. Despite the gradual decline, there...
A Pin Bar is a powerful candlestick pattern used in Forex trading. It's a single candle with a small body and a long tail, indicating rejection of a price level. The tail is at least 2/3 the length of the entire candle, showing a strong reversal...
GBP/USD Market Forecast Greetings and Good Morning to everyone! The market of GBP/USD reached around the 1.2740 zone yesterday, positioning itself in a critical area between key support and resistance levels. This middle ground often presents a...
### GBP/USD Market Overview and Trading Strategy Today’s analysis of the GBP/USD currency pair highlights a favorable environment for long positions. The market’s technical indicators and current price action suggest a potential upward movement,...