The Japanese yen is weakening again against the US dollar. The current USDJPY exchange rate stands at 147.74. The Bank of Japan will hold a regular meeting this week. Due to recent disappointing statistical data, the regulator is expected to keep all its main controls unchanged. It became known earlier that Japan’s GDP in Q2 […]
The price of the currency pair EUR/USD touched the first and very important support at the level of 1.0635 and dived below this level at the end of Friday. Let’s observe what might happen at the beginning of the next trading week. The currency pair may potentially break this level and test the lower and […]
TitleEURJPY H4 | Bullish reversal off 61.8% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 157.07, which is a pullback support level, aligning with the 61.8% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 157.91, which is an overlap resistance level, aligning […]
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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured under the support level. The instrument is going under the Ichimoku Cloud, which implies a downtrend. A test of the Kijun-Sen line at 1.2425 is expected, followed by a decline to 1.2215. An additional signal confirming the decline could be a rebound from the upper […]