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EURJPY rising inside impulse wave (5) Likely to reach resistance level 158.40 EURJPY rising inside the intermediate upward impulse wave (5), which started earlier from the major support level 154.40 (which has been reversing the price from July). The support level 154.40 was additionally strengthened by the 50% Fibonacci correction of the upward impulse from […]

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EURUSD Wave Analysis

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07/05/2024

GBP/USD Aims Higher As Dollar Signals Weakness

Key Highlights GBP/USD started a recovery wave above the 1.2500 resistance. A connecting bullish trend line is forming with support at 1.2500 on the 4-hour chart. Gold prices are attempting a fresh increase above the $2,300 resistance. Bitcoin recovered losses and was able to retest the $65,000 resistance zone. GBP/USD Technical Analysis The British Pound […]
03/05/2024

USD/JPY Calm Ahead of US Nonfarm Payrolls

The Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar. The yen fell below the 160 level earlier in the week, setting another 34-year record. However, the Japan’s […]
30/05/2024

USDJPY Wave Analysis

USDJPY reversed from key support level 156.50 Likely to rise to resistance level 160.00 USDJPY currency pair recently reversed up from the key support level 156.50, former resistance which stopped the previous minor impulse wave i at the start of May. The upward reversal from the support level 156.50 continued the active minor impulse wave […]