The currency pair is having a bullish posture on the long-term outlook while the medium-term is in a bearish market zone. Overall, the bears seem to be in control. USDJPY Weekly Price Analysis – May 20Further increase in the bears’ pressure may break down the $127.022 support level and this may …
EUR/JPY Is in a Downtrend as It Faces Rejection at 135.00
EUR/JPY Long-Term Analysis: BearishEUR/JPY pair is in a downtrend as it faces rejection at 135.00. For the past week, the bulls have been making frantic efforts to break above the moving averages. The upward move has been hindered by the resistance at the 21-day line SMA. Today, the upward move has …
GBPJPY Bears Keep Threatening to Plunder the Market
GBPJPY Analysis - Bears Keep Threatening to Pull Down the Price Level GBPJPY bears keep threatening to plunder the market and bring down price levels below the anchor support level. The bears were seen to keep crashing the market against the 159.680 support level. The strongest market dip happened …
