USDJPY strength is accumulating orders currently as we await the coming news this week. The forex market had previously made its trade end slightly lower on Friday and has resumed with a tight trading consolidation session after the opening of this new week. Because the World Bank has stated that …
Price Action Charts in Focus
USD/CAD Breaks Resistance Level at 1.3000 as It Targets 1.3422 High
USD/CAD Long-Term Analysis: BullishUSD/CAD is in an uptrend as it targets 1.3422 high. In the previous price action, buyers failed to breach the resistance at level 1.3000. However, the pair declined above the moving average lines and rebounded to break the resistance level. Meanwhile, on the August …
EUR/JPY Reaches Overbought Region but Declines to 142.29 Low
EUR/JPY Long-Term Analysis: BullishEUR/JPY pair is still in the bullish trend zone but declines to 142.29 low. Buyers have failed to breach the overhead resistance at level 144.00. The currency pair is likely to decline as it faces rejection in the overbought region. In previous price action, the …
