Market Analysis – USDCHF Is Set Up to Reappraise 0.90500 USDCHF is set to reappraise 0.90500 supply after initial failure. Buyers have created a double-bottom reversal pattern to aid their bullish intention. The market had posed a 6-year low of 0.87600 earlier in the year on the 6th of January …
Price Action Charts in Focus
EUR/JPY Resumes an Uptrend, Targets Level 136.67
EUR/JPY Long-Term Analysis: BullishEUR/JPY pair is in an uptrend. Since May 27, the currency pair has been facing rejection at the 134.00 resistance. The pair retraced to 133.00 low after the rejection. Meanwhile, on May 27 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement …
GBPJPY Hovers at the Overbought Region and May Fall Soon
Market Analysis – GBPJPY to Fall From the Overbought Region Soon GBPJPY overbought region’s adventure may come to an end soon. The market has generally been marching on in its bullish momentum which commenced on the 20th of December 2020. On its bullish movement, the market is seen to retrace …
