Market Analysis – Price Remains Stuck Below 0.9840 Level EURCHF, amidst a prolonged bullish trajectory, encounters a significant impediment in the form of the resistance level at 0.9840. Despite witnessing a surge in bullish momentum since the beginning of 2024, marked by the currency pair …
Forex Strategies
Federal Reserve Data Reveals Shift in US Treasury Holdings
Fresh data from the Federal Reserve suggests that Japanese policymakers may have utilized US Treasury holdings to fund interventions aimed at shoring up the beleaguered yen. Central banks' reduction in US securities by $10.6 billion, coupled with a slight increase in funds allocated to the Fed's …
GBPJPY Sustains Bullish Trend
GBPJPY Analysis - May 10 The GBPJPY pair has been steadily increasing in price, exhibiting a bullish trend and reaching an all-time high in late April 2024. This suggests strength in the GBP as the price continues to show no signs of reversing its upward trend. GBPJPY Significant Zones Resistance …
