EUR/USD: Stands at the Front Foot Ahead of ECB Policy Decision

Gold trades back and forth in the past few sessions Price fails to claim 50-day SMA and restrictive trendline Momentum indicators are neutral-to-bullish Gold has been under pressure lately following its break below the 50-day simple moving average (SMA). Although the price managed to find its feet at the lower end of the Ichimoku cloud, it has […]

GBPJPY in the green again, returns to pre-intervention levels Increasing possibility of another BoJ intervention Momentum indicators remain mostly bullish GBPJPY is edging higher again today, recording its ninth green candle in the last 10 sessions. The bearish momentum after the recent BoJ interventions has faded with the pair quickly returning to pre-intervention levels. This move raises […]

Key Highlights USD/JPY is attempting a fresh increase from the 141.65 support zone. A major bearish trend line is forming with resistance at 150.00 on the 4-hour chart. Oil prices might struggle to climb above the $76.60 resistance. EUR/USD corrected gains but the bulls seem to be active above 1.0850. USD/JPY Technical Analysis The US […]