On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper...
In Asia, Japan will release the National Core CPI y/y. The US will release an economic report: Existing Home Sales. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance 3: 112.94 Resistance 2: 112.72 Resistance 1:...
Overview:The Swissy is still calling for strong bullish outlook today. The USD/CHF pair continues to trade upwards from the level of 0.9875. The pair rose from the level of 0.9875 to a top around 0.9865. Today, the first resistance level is seen at 0.9865 followed by 0.9922, while daily support...
Recently, the GBP/JPY pair has been trading downwards. The price tested the level of 145.79. According to the H1 time – frame, I found that GBP/JPY in the bullish correction phase (bearish flag in creation), which is a sign that you should wait for confirmation before you sell. Watch for a...
