Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD pair has risen to 1.4250 and price is fluctuating below the resistance level. Since May 18, the pair has been retesting the resistance zone, Similarly, on February 24, the pair was repelled at the same resistance level and the […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishSince February 24, the currency pair has been in a sideways move. AUD/JPY has been facing rejection at the $85 resistance. In February and March, the upward moves were repelled. Meanwhile, on May 10, a retraced candle body tested the […]
EURUSD Price Analysis – May 24 The EURUSD is stuck between February’s high of 1.2243 and a long-term restricting horizontal barrier line, which if broken would open the way to the top of a larger uptrend that began in March 2020. The EURUSD indecisive market lacks follow-through buying beyond 1.2245 barriers. Overall, the safe-haven USD […]
NZD/JPY changed little today, so it stands at 78.07 level at the momentum of writing. It has registered a strong sell-off on Friday and now it hovers above 77.93 level. The Japanese Yen could take full control again if the Nikkei drops again. Technically, the price action has signaled that the pair could develop a […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingThe Kiwi upward move is facing resistance at level 0.7300. Since April 29, the currency pair has been fluctuating between 0.7140 and 0.7300. The uptrend will resume if price breaks above level 0.7300. The Kiwi will resume an upward move […]
Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY has resumed an upward move after breaking the resistance at $152.00. In the previous price action, the currency pair has been in a sideways trend since March 11. Today, the uptrend has reached level 154.80. The uptrend is retesting […]
EURJPY Price Analysis – May 21 Following Wednesday’s record highs in the 133.50 regions, EURJPY continues to fall. Meanwhile, the risk complex is in a generally better mood, with investors expecting revived demand for the Japanese Safe-haven and falling US yields. A combination of factors, such as ECB fiscal policy, could reduce the upside potential […]
AUDUSD Price Analysis – May 20 AUDUSD rises to a new intraday high of 0.7763 at the time of this post in early Thursday, up 0.20 percent on the day. Before April’s job report sparked a corrective pullback, the Aussie pair had been grappling with the risk-off mood. Amid Aussie jobs data, the failure to […]
USD/JPY decreased again in the short term but the bias remains bullish after yesterday’s rejection from a confluence area. It’s traded at 108.98 trying to come back higher and to erase today’s losses. Maybe the US Dollar will take the lead again if the US Unemployment Claims will continue to drop. The economic indicator is […]
