EUR/JPY Long-Term Analysis: BullishEUR/JPY pair is in an uptrend as it consolidates above 137.00. The current uptrend reached the high of level 140.24 and reversed. The Yen declined to level 78.6% Fibonacci retracement level or 135.30. After the retracement, the currency pair resumed consolidation …
USDCHF Skyrockets Upward After a Prolonged Consolidation
USDCHF Analysis - Price Skyrockets After a Breakout From Consolidation USDCHF skyrockets upwards after it breaks out of a prolonged consolidation. As the price approached the tip of the triangle structure, an evident uneasiness can be noticed in the market. Both the bulls and bears had nearly equal …
GBPJPY Revives Bullishness From the 159.680 Support Level
GBPJPY Analysis – The Market Revives Its Bullish Tendencies at the 159.680 Support Level GBPJPY revives its bullish tendencies from the 159.680 support level. The market’s bullish strength had earlier been dealt a blow when the price suffered acute rejection at the 167.810 resistance level. This …
