Day: September 26, 2023

JPY in Focus The Japanese Yen continues to weaken across early European trading on Monday. The continued decline of the Yen is once again stoking intervention speculation. With USDJPY now trading well above the 145 level at which the BOJ intervened last year, traders are wary of possible forthcoming action from the bank. However, speaking […]

The Japanese yen in the USDJPY pair remains at a ten-month low. The current USDJPY exchange rate stands at 148.40. The Friday meeting of the Bank of Japan concluded without surprises, with the interest rate remaining at -0.10% annually. The regulator’s comments provided clear indications of its readiness to alter the monetary policy structure. Meanwhile, […]

Gold rebounded from the downtrend. Currently, it is trying to enter the supporting zone formed between levels 1900 and 1913. The asset’s price is likely to test this zone, rebound, and jump to break the downtrend and test the resistance level of 1980.   American stock index S&P500 is now testing the supporting level of […]

TitleUSDCAD H4 | Rising towards swing-high resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 1.35202 which is a swing-high resistance and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.34234 which is a swing-low support level. Alternative scenario:If price breaks above the pivot […]