GBP/JPY Price Analysis: Overbought Levels Despite the BoE's announcement yesterday, GBP/JPY jumped to resistance at 201.43, setting a new bullish record level before settling around 200.80 at the time of writing. Ahead of the release of UK...
The USD/JPY currency pair encountered significant resistance near the 160.00 mark as the yield on the US 10-year Treasury note dropped by three and a half basis points. This decline created headwinds for the Greenback, given the positive correlation...
Hello all, Gold traded within a narrow range on Wednesday, reaching a peak of $2,335 and dipping to $2,324. Initially breaching the potential decline threshold, the price swiftly retreated back into consolidation. It briefly crossed above the 20-day...
Crude Oil Price Action The discussion is currently analysing the Crude Oil price behaviour. The lower boundary of the Ichimoku cloud serves as a strong support, while the upper boundary acts as a strong resistance. When the price enters the cloud,...
The GBP/USD currency pair, representing the British Pound against the US Dollar, is currently trading at 1.2669. The trend has been bearish, suggesting that the Pound has been weakening against the Dollar. While the market has been moving slowly,...