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GBPUSD rotates back lower. 100 day MA the focus
2023-05-26
The 100 day MA near 1.2287.
The GBPUSD moved higher in trading today held by better-than-expected retail sales. The price extended up to and through the falling 100-hour moving average currently at 1.23839 (blue line in the chart above). The price also entered into a swing area that has a number of different swing lows and swing highs going back to the end of March (see red numbered circles). The momentum could not take the price above that swing area near 1.23974. The price rotated back to the downside. The better US data reversed the price even more as focus returned to the stronger US data (and higher inflation).
USDJPY buyers in control. Watch to understand why and what would hurt that bias today
2023-05-24
The buyers are holding support on the hourly and daily chart with work to do. What would keep that bias in the favor of the USDJPY? What are the targets and why? Learn about it by watching this video on the USDJPY.
USDJPY buyers make a play again. Can the buyers keep the control?
2023-05-22
Witness the USDJPY buyers in action as Fed’s Bullard adopts a more hawkish stance, driving the price higher. In this captivating video, explore the swing areas on both the 4-hour and daily charts that indicate buyer strength. Keep an eye on the key resistance level at 138.74, which marks the high from last week. If the buyers manage to stay above the swing area support, their target becomes the 50% Fibonacci retracement level from the 2022 high to 2023 low, set at 139.574. Join us to analyze these crucial support and target levels and uncover how the buyers aim to maintain control in the market.
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