The currency pair is having a bullish posture on the long-term outlook while the medium-term is in a bearish market zone. Overall, the bears seem to be in control. USDJPY Weekly Price Analysis – May 20Further increase in the bears’ pressure may break down the $127.022 support level and this may …
Forex Strategies
GBPJPY Bears Keep Threatening to Plunder the Market
GBPJPY Analysis - Bears Keep Threatening to Pull Down the Price Level GBPJPY bears keep threatening to plunder the market and bring down price levels below the anchor support level. The bears were seen to keep crashing the market against the 159.680 support level. The strongest market dip happened …
NZDUSD Bears Continue to Drive the Market Low
NZDUSD Analysis - Bears Continue to Drive the Price to Lower Levels NZDUSD bears have continued to drive the market low since April. The market trend changed from bullish to bearish after a significant double top reversal pattern formed on the daily chart. The Moving Averages period nine and …