GBPUSD The GBP/USD pair fell slightly on Tuesday, trading around 1.2730 in early Asian trading. The headline comes as market participants await the release of UK labor market data later today. Investors are taking a wait-and-see approach and are...
Yesterday, the EUR/JPY currency pair demonstrated a significant movement following its interaction with a key support level. According to my technical analysis, this support level is precisely situated at 171.588. Initially, the price action saw the...
The USD/CHF pair is trading around 0.8935, displaying notable movement after bouncing strongly from the key support level at 0.8883, where it was oversold last week. On the H4 chart, the 50 and 100 Simple Moving Averages (SMAs) indicate a confirmed...
The EUR/JPY currency pair remains stuck around the 168.00 level, trading sideways with a slight downward drift. Any potential bounce appears to hinge on the 20-day simple moving average (SMA) acting as support. Adding to the cautious market...
Greetings. The possibility of the EUR/JPY reaching the 270 mark exists, but it appears unlikely under current market conditions. Therefore, it maekes sense to look at reference points that are somewhat closer to the current price levels. One...