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The primary currency pair continues to rise moderately on Tuesday, but overall, investors have adopted a wait-and-see attitude. The current EURUSD exchange rate stands at 1.0895. There have been few statistics so far, prompting the market to keep a close eye on the euro and speculate about the prospects of the European Central Bank’s future […]
TitleGBPJPY H4 | Rising to Fibo level TypeBullish Bounce Preference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level. Alternative scenario: The price could reverse from the pivot […]
TitleFalling to Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.34232 which is a pullback support level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35274 which is a pullback resistance level. Alternative scenario:If price breaks below the pivot point, it […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern on H4 near the support level. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be the resistance at 1.0970. However, the quotes could drop to 1.0870 and extend the uptrend after the correction. USDJPY, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has found a foothold above the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2705 is expected, followed by a rise to 1.2825. An additional signal confirming the rise will […]
TitlePotential Bearish Reversal TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.61315 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.60166 which is a pullback support level. Alternative scenario:If price […]