The price has been on an uptrend for the last 2 years. Waiting for the price to come back to the support of the rising channel.
Looking for the price’s reaction to the neck. Watch out for the SL hunt zones.
US500 broke out of falling channel, retested it and creating a new growing channel respecting its boundaries.
My technical analysis suggests that the USDJPY currency pair is likely to experience a downward movement along a falling channel. The strong support level at the bottom of the channel is expected to provide a rebound for the pair, pushing it up to the range of 134-135. This upward movement may complete the formation of a right shoulder in a Head-and-Shoulder...
In my technical analysis, I anticipate that the CHFJPY currency pair will see a range-bound movement within the grey area for a period of approximately 3 months as in June- September of 2022. This movement is expected until a clear break of the established support trendline is observed. Traders should be aware of this potential for consolidation and consider...