Greetings to all forum members studying and trading on the currency market. As I analyze the EURGBP currency pair, I notice that a strong support level has formed at 0.8380. I believe this level presents a potential opportunity for buyers to enter...
USD/JPY The USD/JPY pair has been showing strength recently, fueled by a bullish USD and Japan’s ongoing dovish stance on monetary policy. Technical Analysis: I’ve noticed that the pair has broken above the key 135.00 resistance level, which could...
USD/JPY USD/JPY Rises to Over 149.00 After Soft US CPI Data USD/JPY rises to near 149.00 as the US Dollar rises following weak US inflation statistics for February. Cooling US inflation is expected to increase Fed dovish bets. Despite the fact that...
EURUSD TECHNICAL ANALYSIS INTRADAY The EUR/USD pair is trading around 1.0900 and is still in a corrective phase. I anticipate further declines but expect a corrective rebound towards 1.0 8900 before the pair resumes its downward movement. Technical...
Political uncertainty in Japan is seen as a limiting factor for the BoJ’s ability to raise key borrowing rates further, causing market participants to dial back expectations for aggressive tightening. This week, investors are focusing on the...
