EUR/JPY Long-Term Analysis: BearishEUR/JPY upward move has been terminated as it faced rejection at level 134.00 resistance. The currency price broke below the moving averages as the market resume selling pressure. Meanwhile, on June 21 downtrend; a retraced candle body tested the 50% Fibonacci …
Price Action Charts in Focus
GBPJPY Falls on Rejection From 153.500 Supply Zone
Market Analysis – 153.500 Supply Zone Rejection Makes GBPJPY Fall GBPJPY falls after being rejected at the 153.500 Supply Zone. The upwards trajectory of the GBPJPY has been normalized starting from the 23rd of February 2021 to follow an ascending trend line. The key levels remain influential as …
NZDUSD Employs Double Bottom Reversal Pattern to Shoot Price Upwards
Market Analysis – NZDUSD to Break Upwards Using a Double Bottom Reversal Pattern NZDUSD employs double bottom reversal pattern to help it beat the 0.71050 resistance and move the market upwards. The major trading zone for the market since the turn of the year is between 0.73100 and 0.71050 key …
