JPY: the Forex market reconquest
Currency market is now in a different mood than what it was previously. JPY is on a rise now. To what extent it may gain value against the USD?
GBP/USD reversed from support zone
- GBP/USD reversed from support zone
- Next buy target - 1.3350
GBP/USD recently reversed up from the combined support zone lying between the long-term support level 1.3070 (which has been reversing the price from last October) and the lower weekly Bollinger Band. This support zone has been reversing the pair for the last 5 weeks. GBP/USD is expected to rise further toward the next buy target at the next resistance 1.3350 (which reversed the price at the start of July).
Dmitry Chernovolov
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JPY: the Forex market reconquest
Currency market is now in a different mood than what it was previously. JPY is on a rise now. To what extent it may gain value against the USD?
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Market players are probably taking profit in gold to offset losses in other markets, so they are closing the previous buy positions in XAU/USD.
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