Market Analysis: GBPJPY Indicates End of Retracement Phase In the GBPJPY market, the British Pound (GBP) has recently exhibited a robust bullish trend against the Japanese Yen (JPY), with the price climbing above the significant support level of 193.100. A notable pattern has emerged where the …
Market Analysis: NZDUSD Failure to Create Higher High Suggests Price Reversal NZDUSD (New Zealand Dollar against the US Dollar) has recently shown signs of a bearish reversal following its inability to break through the key resistance level at 0.62200. The currency pair experienced a strong bullish …
European Central Bank’s approach to interest rates amid limited short-term reductions. The ECB has decided to keep its current interest rates unchanged, despite some recent pressures to lower them. The ECB's primary refinancing rate remains at 0.00%, and the deposit rate is at -0.50%. This decision …
