USDCHF Market Analysis – Cup and Handle Reversal Pattern USDCHF has formed a cup and handle reversal pattern. This means that the bulls are set to end the reign of the bears and shoot the price back upwards. The bears had initially plunged the market. This can be seen in consecutive bearish candles …
EUR/JPY Consolidates below Level 134.00, a Breakout Is Likely
EUR/JPY Long-Term Analysis: BullishEUR/JPY pair is in an uptrend. The pair has been on the rise as price bars are above the moving averages. The uptrend has been fluctuating below level 1.3400 since May 27. Meanwhile, on April 30 uptrend, a retraced candle body tested the 50% Fibonacci retracement …
GBPJPY Responds to Potential Rejection at 156.570 Resistance Level
GBPJPY key Zones Resistance Zones: 156.570, 160.000Support Zones: 148.830, 144.700 GBPJPY Confronts Rejection GBPJPY is set to face rejection at 156.570 resistance level which coincides with the upper border of an ascending parallel channel. The market began its upwards movement in the parallel …
