USD /JPY TECHNICAL ANALYSISFollowing on from what I wrote in the previous post this time I will discuss 3 scenarios for the pair and won’t bore you with words and I will put 3 charts here for your reference taking into consideration that the 131 price area needs to hold for those scenarios BAT Harmonic Pattern Bearish Butterfly Pattern Bearish…
Gold Price Analysis Gold price settles at the main bearish trend Until we get a clearer signal for the next trend, which is located resistance -located now at 1784 – or breaking 1807. I recommend reading the review written on 11.8.2021“Has the affirmative rise in gold ended and the great decline in gold is before us”? Gold has recovered from the…
USD/ JPY Technical Analysis The U.S. dollar edged lower last week, weakening especially against the Japanese yen as the market reassessed the Federal Reserve’s tightening pathThe dollar sank to its lowest level versus the yen since mid-June below 132 yen, down more than 5%If the FED doesn’t continue with aggressive policy and interest rate hikes it will put much less…
