GBP/USD Finds Support After Weekly Gap The GBP/USD currency pair has recently witnessed a resurgence in demand, attracting dip-buyers following a gap in the weekly chart during the Asian trading session on Monday. The pair has surged to fresh daily highs, currently hovering around the 1.2520-1.2525 area, marking a remarkable.
Introduction In the world of forex trading, the USD/JPY currency pair has been under the spotlight as the Japanese Yen (JPY) grapples with making a significant upside impact on the US Dollar (USD). Despite warnings from Japanese Finance Minister Shunichi Suzuki about the possibility of intervention if the JPY weakens.
USD/JPY Faces Downward Pressure After Three-Day Winning Streak The USD/JPY currency pair, which had been on a three-day winning streak, is now trading lower around 147.40 during the early hours of the European session on Wednesday. This reversal comes as the pair retreated from a new high reached since November.
Introduction The USD/JPY currency pair has made a significant move in the forex market today, breaking above the crucial resistance level at 143.50. This development has caught the attention of traders and analysts alike, as it could potentially signal the beginning of a new upward trend for the pair. In.
Introduction The USD/JPY currency pair has witnessed a remarkable rally, surging more than 300 pips in recent weeks. After consolidating below the 141.00 handle during the first half of June, the pair has shown significant strength, pushing closer to the psychological resistance level of 145.00. In this article, we delve.
USD/JPY, the popular currency pair representing the exchange rate between the US dollar and the Japanese yen, has recently witnessed an impressive rally, reaching new heights in 2023. Traders and investors have been closely monitoring the pair’s price action, which has been guided by the golden cross signal. Despite entering.
The USD/JPY pair has been trading in a narrow range of 134.69-135.36 for the past three days, as the market awaits the release of the US consumer price index (CPI) for April on Wednesday. The pair is currently hovering around the 135.00 mark, with a slight bearish bias. What’s.
Introduction: The exchange rate between the US dollar (USD) and the Japanese yen (JPY) is closely watched by investors and analysts as it reflects the strength of the US and Japanese economies. Recently, there has been speculation about the likelihood of the USD/JPY dropping to the 133.00 region. In this.
The USD/JPY has been in a bullish trend since the start of the year, rising from a low of 127.20 to a high of 137.90. However, last week’s decline in the currency pair has confirmed a short-term topping pattern at the 137.90 level, which is supported by a bearish divergence.