GBP/JPY is currently trading at 197.952, showing signs of bearish momentum. The pair has been struggling to maintain higher levels, with selling pressure dominating near psychological resistance levels. Based on technical indicators and market structure, we anticipate a potential decline to 197.033, with a further downside risk to 196.170 if key support levels...
The GBP/JPY pair is currently exhibiting a bearish outlook as sellers seem to gain momentum, capitalizing on recent market dynamics. Here's a comprehensive breakdown of the pair's bearish sentiment based on current trading conditions. 1. Technical Analysis Trend & Price Action The pair has been trading within a descending channel, signaling a continuation of...
Gold (XAU/USD) has been caught in a tug-of-war between bulls and bears, with recent price action reflecting heightened volatility. While bullish attempts have been steady, the overall momentum suggests strong bearish undertones dominating the market. Here’s a breakdown of the factors influencing this sentiment: While bulls have shown resilience, the weight of...