The USDJPY has been in a tussle to break either higher or lower the past two weeks. Price has been trading in a very tight range and has been unable to move higher or lower to break this range. The best play in this market is to wait for price to make up it's mind on what way it wants to go. When …
Price Action Charts in Focus
EURJPY BEEB
The EURJPY has formed a Bearish Engulfing Bar (BEEB) on the daily chart. Price moved up and tested resistance before moving lower to close near the sessions lows. Support comes in close for this pair around 94.20. Price at a previous attempt to break this support saw price go higher. This market …
Gold BEEB Recap
The Gold Bearish Engulfing Bar (BEEB) that was covered in yesterdays charts in focus blog here has seen price move lower during yesterdays sessions. Price broke the low of the BEEB and quickly moved lower into the next support area. From this area we may see price move higher back to test the …
