Currency pair GBPJPY - let’s consider the chart of the D1 period. The wave structure on this chart has a descending character. After the last wave of decline updated the minimum of the previous one at the beginning of February, the third wave...
Analysis of GBP/JPY on H4 Timeframe Good evening, everyone. In this analysis, I will examine the GBP/JPY currency pair using the H4 timeframe. As of now, the price is trading below both the 21-period and 34-period Moving Averages, indicating that...
I believe that the USD/JPY pair is currently facing downward pressure, and I see no compelling reason for it to move north. I have already made my case regarding the Bank of Japan (BOJ) potentially raising rates by 0.5 to 1 basis point in March,...
EUR/USD The EUR/USD pair is hovering around 1.0845, showing a slight dip of 0.1% from yesterday. The price action remains within a tight range, with a battle between bullish and bearish forces shaping the next move. Technical Analysis: Recently,...
Understanding Resistance in Forex Trading: A Key to Identifying Market Barriers In forex trading, the concept of resistance plays a crucial role in understanding price behavior, predicting market reversals, and developing successful trading...
