Analysis of GBP/JPY Using Two Timeframes (H4 and H1) Timeframe H4 Good evening, everyone. Tonight, I will analyze the GBP/JPY currency pair using the H4 timeframe. Currently, the price is trading below both the 21-period and the 34-period Moving...
Impact of Spreads in Day Trading What is a Spread in Trading? In financial markets, the spread is the difference between the bid price (the highest price a buyer is willing to pay) and the ask price (the lowest price a seller is willing to accept)....
AUD/USD As of today, AUD/USD is holding steady around 0.6300, showing some resilience despite ongoing market volatility. The recent weakness in the US Dollar, driven by increasing trade tensions and expectations of potential Federal Reserve rate...
Today, we discussed a trading idea regarding the XAUUSD (GOLD) currency pair, and I expressed my view that there is still potential for the asset to decline further. I was looking for a reversal to occur from a liquid area of imbalance at 2910.89....
General Points about GBPJPY: I would suggest setting the take profit (TP) level above 192.77 while following the bullish concept in the GBP/JPY market. Recent market trends indicate that buyers are maintaining control, pushing prices higher, and...
