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The British pound sterling, paired with the US dollar, is inclined to grow. The current GBPUSD exchange rate stands at 1.2628. Now that the pressure from the US dollar has decreased, the pound has an opportunity for correction. The UK published very few vital statistics this week. However, the house price report for January is […]
After a pause, the Japanese yen, paired with the US dollar, resumed its decline. The current USDJPY exchange rate stands at 148.54. A high-ranking official from the Bank of Japan remarked yesterday that it was challenging to envision a scenario in which the regulator would swiftly raise the interest rate. This official was Shinichi Uchida, […]
TitleHeading into 38.2% Fibonacci Resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.61551 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60888 which is a pullback support level. […]
TitlePotential Bearish Reversal off 50% Fibonacci Retracement TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.65386 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.64920 which is a pullback support […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be the resistance at 1.0830. However, the price could drop to 1.0715 and extend the downtrend without testing the resistance. […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has received support at the 1.0767 level and continues correcting. Today the correction could extend to 1.0791. Once it is over, a decline wave to 1.0700 is expected to begin. And if this level also breaks, the potential for a wave to 1.0666 might open. This is […]