USD/CAD Long-Term Analysis: BullishUSD/CAD is in a sideways move as it faces rejection at level 1.2900. Since December 2021, the currency pair has been in a sideways move below the 1.2900 overhead resistances. Buyers have failed to keep the price above the overhead resistance. Each time the overhead …
Price Action Charts in Focus
USDJPY: Bulls Are Dominating
USDJPY is facing an increase in buying pressure and may continue in the same direction if it breaks $131.253.Overall market sentiment regarding the currency pair remains bullish. USDJPY Weekly Price Analysis – May 6Should the bulls increase their momentum, the resistance level at $131.253 may be …
EUR/JPY Unable to Break 138.00 as Yen Consolidates Above 137.00
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 …
