Market Analysis - GBPJPY Withstands Bearish Dip; Price Recovers to 152.580 GBPJPY recovers from Bearish dip to pump price to the 152.580 key level. The 149.640 major support has been instrumental in the market's upward momentum. It prevented the fall in the price on two previous occasions. Each …
Forex Strategies
NZDUSD Bears Mount Pressure on the 0.69400 Demand Level
NZDUSD Analysis – 0.69400 Will Soon Give Way as Bears Mount Pressure Bears mount pressure on the NZDUSD 0.69400 demand zone to go lower. Ever since the Kiwi attained the 0.74600 supply level on the 24th of February 2021, bears have been working hard to drag the market down. Price started a decline …
EURUSD Is Tapering to a Break Out Point
Market Analysis – EURUSD Is Tapering in a Descending Triangle EURUSD is tapering to break out of a descending triangle. This comes after a major decline in the market from the 16th to the 18th of June 2021. Price then bounced off the support at 1.18400 but failed to make it past 1.19600 and dropped …
