Currently, GBP/USD is trading below the trend line, reinforcing the view that the market is under significant selling pressure. The break below this trend line has transformed it into a key resistance level, making it challenging for bulls to regain...
General Points of USDJPY: Today, the USD/JPY market seems to be moving in favor of sellers, but its true movement will likely become clearer during the New York trading session when the US Retail Sales and Core Retail Sales data are released. In my...
USD/JPY H-1 Good afternoon. The USD/JPY pair rebounded from the level of 139.58 yesterday, and tested the level of 141.25 today, but rolled back sharply, continuing the decline to the level of 140.34, moving to a flat around the pivot H1 (140.62)....
Forecast for EUR/GBP on September 17, 2024 If we consider the time scale of one hour. It is impossible not to notice that the price developed above the trend line, from which it made a sharp rebound upward with each decline to it. And one could...
The gold market saw some hesitation in early trading on Monday, but overall buyers continue to dominate the scene. This continued demand is worth paying close attention to as the strong uptrend remains intact. Even if there is a significant...