The EUR/USD 1-hour chart reveals a potential buying opportunity based on several technical observations. The most prominent feature is the clear break of a prevailing downtrend line, signaling a possible shift in momentum from bearish to bullish. Price action has moved decisively above this broken trendline and is currently approaching a horizontal support zone...
USDJPY has recently exhibited a bullish breakout pattern, breaking above a key resistance level. This breakout, followed by a retest of the broken level, presents a potential buying opportunity for traders. A clear support level has been identified at 155.200 The recent breakout occurred above a significant resistance level at 156.00 The price decisively broke...
The possibility of the pair going down is more likely to happen in order for institutions to have best price to start buying