EUR/JPY Long-Term Analysis: BullishEUR/JPY pair is in an uptrend. The pair has been on the rise as price bars are above the moving averages. The uptrend has been fluctuating below level 1.3400 since May 27. Meanwhile, on April 30 uptrend, a retraced candle body tested the 50% Fibonacci retracement …
Price Action Charts in Focus
GBPJPY Responds to Potential Rejection at 156.570 Resistance Level
GBPJPY key Zones Resistance Zones: 156.570, 160.000Support Zones: 148.830, 144.700 GBPJPY Confronts Rejection GBPJPY is set to face rejection at 156.570 resistance level which coincides with the upper border of an ascending parallel channel. The market began its upwards movement in the parallel …
NZDUSD Uptrend Confronts Major Weekly Impediment for the Umpteenth Time
NZDUSD Major Zones Demand Zones: 0.7460, 0.7320Supply Zones: 0.7150, 0.7000 NZDUSD Market Analysis NZDUSD uptrend movement has continued but must now overcome a major impediment to progress. Since the market hit a major low in March 2020, the New Zealand Dollar has been strengthening itself …
