USD/JPY is currently trapped within a trading range of 148.582 - 151.005, reflecting a tug-of-war between buyers and sellers. After a rebound from the lows, the price is facing strong resistance at the EMA 34 & 89, while also approaching a key resistance zone. This increases the likelihood of a potential reversal to the downside in the near term.
If the price...
EUR/USD is testing the key resistance zone around 1.04788, where it converges with a long-term descending trendline. If the price gets rejected here, it may pull back to the 1.03961 support area for accumulation before attempting another rebound.
The market structure remains uncertain for a breakout, but if the price holds above support, EUR/USD could form a...
Gold (XAU/USD) is showing signs of breaking out from the downtrend channel, but further confirmation is needed to sustain its bullish momentum. Currently, two main scenarios could unfold:
1.Sideway Consolidation Before Rally: If gold maintains above the 2,881 - 2,894 zone, price may consolidate within this range before a breakout forms. A decisive move above...
