GBP_JPY is approaching the trendline from the move higher of May 2020, long term trend followers can look to enter at this point which currently sits at 152.600.
I recommended placing stops below the last approach to the trendline at 149.650 and look to target the 158 level given that the Bank of England is in a rate hiking cycle and Bank Of Japan is very dovish.
The pair has created a bearish flag pattern and is looking forward for more downside moves
In less than 50 minutes, the GDP Rate for Q2 will be released by New Zealand, based on the expectations, GDP is forecasted to be coming hot
If the GDP numbers do not meet or exceed the expectations, expect the short term resistance line at 1.95080 to be broken and...
Hello guys
This is the cup and handle pattern formed on the EURNOK On the 30 minute timeframe
This pattern has formed over the past one week
I am waiting for the price to break open above the handle but i have a question
There is a 36.2 retracement level around 10.45,and the RSI on almost all the timeframes shows that it has been overbought
I don't know whether to...
