EUR/JPY Long-Term Analysis: BearishEUR/JPY is in a downward move. The selling pressure is not over as price makes an upward correction. The current downtrend is making a series of lower highs and lower lows. Today, the currency pair is making a lower high which will propel the resumption of the …
Price Action Charts in Focus
Will the 149.640 Support Zone Keep GBPJPY From Sinking Deeper?
Price Analysis – 149.640 Momentarily Keeps GBPJPY From Sinking Deeper The 149.640 support zone has halted GBPJPY from sinking deeper. The fall of price began on the 28th of May 2021 when the market reached the 156.000 key level. The last time GBPJPY reached this height was in February 2018. Sellers …
NZDUSD Continues Drilling the Key Support to Go Lower
Price Analysis - NZDUSD Continues Bearish Agenda NZDUSD continues to push down on the 0.69400 support to go lower. The market entered into the year 2021 on a bullish trend as shown by the MA period 100 (Moving Average). In particular, from the 2nd of November to the 1st of December 2020, there was …
