The image is a technical analysis chart of the GBP/JPY currency pair on a 1-hour timeframe. Here’s a detailed breakdown of the key elements and potential implications: ### Key Elements: 1. **High Zone:** - This area indicates a previous high in the...
USDJPY MARKET ANALYSIS On Friday (June 7), the US dollar index rose sharply, with USD/JPY rising 0.6% to 156.64. As of the early Asian trading stage on Tuesday, USD/JPY was still in a slow and small recovery, with the latest quotation at 157.15....
On June 10th, 2024, the GBP/USD currency pair experienced a decline during the Asian trading session, indicating significant selling pressure in the market. This decline continued until it reached an important support level at 1.26871. However,...
GBPUSD Good morning everyone, today's center of discussion will be the price action analysis for GBPUSD currency pair. The currency pair has been trading within a bullish channel, with higher high and lower lows. On Friday the currency pair declined...
USD/CAD Outlook Good Morning guys! The US FOMC and CPI, PPI rate will help the buyers to cross the 1.3800 zone soon. However, the Canadian housing market may also affect the value of the CAD, as a slowdown or a bubble in the housing market can...