Forex Analysis


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USD/JPY stays in negative territory near 108 despite rising US stocks

The USD/JPY pair rose to its highest level since early August at 108.48 during the American trading hours on Wednesday after the Federal Reserve refrained from giving any hints regarding the next policy move despite announcing a 25 basis points rate cut.

USD/JPY News

GBP/USD: 3-week-old resistance-line questions 100-DMA breakout

Successful trading beyond 100-day simple moving average (DMA) fails to lend much strength to the GBP/USD pair as it struggles around 1.2520 during Friday morning. A rising trend-line since August-end, seems to challenge buyers.

GBP/USD News

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"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"

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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."