GBPJPY Analysis – Price Is Accumulating to Push Out of Its Descending Channel GBPJPY is accumulating in a critical zone as it prepares for an upsurge out of its descending channel. The market dropped below the 150.510 price line on the first of December. With the significant level of 149.000 …
Price Action Charts in Focus
NZDUSD Retests a Critical Level as It Prepares for a Further Drop
NZDUSD Analysis – Price Retests the 0.68000 Critical Level as It Falls Lower NZDUSD retests the critical level at 0.68000 as it prepares to push to lower levels. The market is pushing to continue the downward trend that began at the beginning of last month. Price is, however, encountering …
EURUSD Encounters Solid Resistance at a Significant Support Level
EURUSD Analysis – Price Encounters Solid Opposition to Its Downflow at 1.12020 EURUSD encounters solid opposition to its downflow at the 1.2020 significant support level. Price broke the immediate price line before this support line on the 16th of November. A further pullback then crashed the …