EUR/JPY Long-Term Analysis: BearishEUR/JPY has been in a downward move. In its downward move, the pair fell to the low of level 129.00 and resumed consolidation above the current support. Since July 19, the price action has been in a sideways move. Meanwhile, on June 18 downtrend; a retraced candle …
Price Action Charts in Focus
The 149.640 Key Support Zone Defends GBPJPY From Plummeting
Market Analysis - GBPJPY Rebounds off 149.640 Key Support With Strong Volatility The 149.640 key support has once more proved its mettle by defending the market against a strong barrage from the sellers. GBPJPY had rallied to hit a 3-year high of 156.000 on the 27th of May 2021. Since then, sellers …
NZDUSD Is on the Verge of a Breakout; Bullish or Bearish?
Price Analysis – Tapering Movement Will Lead To a Bullish or Bearish Breakout? A bullish or bearish breakout is on the cards as NZDUSD tapers down into a descending triangle. This is a formation that the market has taken within a large consolidation movement. NZDUSD has been trapped in a ranging …