Market Analysis – GBPJPY Aims to Surpass the Year's High After Bulls Bounced off of 151.300 The GBPJPY bulls bounced off the 151.300 key level to maintain their upward momentum. The British pound sterling has been strengthening itself against the Japanese Yen since the turn of the year. Just like …
Forex Strategies
NZDUSD Continues in a New Phase of Consolidation
Price Analysis – NZDUSD Continues to Undulate in the New Consolidation Phase NZDUSD has continued in its new phase of consolidation. The market had been jacked up by a bullish surge from the 2nd of November 2021 to the 3rd of December 2021 and it easily bypassed the 0.69400 resistance.The price met …
EURUSD Is Poised for More Downside With Reversal Pattern Formation
Price Analysis – EURUSD Is Poised to Fall Further With a Head and Shoulder Pattern EURUSD is poised to fall further after it conformed to a head and shoulder reversal pattern. Since the beginning of May 2021, prices have been rising. The price only retraced for a period between the 10th of June …
