GBPJPY Analysis - Price Puts Pressure on the 158.060 Supply Level GBPJPY puts pressure on the supply resistance level at the 158.060 price level. After getting a foothold on 153.280, the price bounced upward towards the weekly supply on an uptrend line. The market easily bypassed the intermediate …
Forex Strategies
NZDUSD Previous Support Zone Is Likely to Turn To a Resistance Zone
NZDUSD Analysis - The Previous Support Zone at 0.6740 Is Likely to Turn Into a Resistance Zone NZDUSD previous support zone is likely to turn into a resistance zone at 0.6470. The market created a resistance zone at $0.7200 above several consecutive bullish candles. The resistance that formed on …
Break and Retest of Trend Line Is Visible on EURUSD Market
EURUSD Market Analysis - The Market Is Faced With a Break and Retest of Its Trend Line A break and retest of the trend line is visible on the EURUSD market. The market experienced a reversal on May 25, 2021, after climbing a trend line. The turnaround was characterized by a head and shoulders …
