
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
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Let’s have a detailed technical look at EUR/GBP from a strategic point of view.
Since the beginning of the year, EUR has been gaining value against the GBP. When the virus came, in March, it was pushed out of balance but in the next month it was already back to the same upward trajectory. That, by the way, confirms once again that individual events only have a temporary impact on the market: it is the long-term processes and systematic events that drive currencies. In September, things changed. The currency pair reached the tactical highs above 0.92 and started falling. Since then, it has never stopped.
Currently, it trades below 0.90. The fact that the pair crossed this support downwards confirms the understanding of the market as predominantly bearish now. Although it already managed to make an upward retrace after dropping to 0.89, there is little doubt that it will continue falling. For this scenario, o.8870 is the regional bottom – it saw the price bounce upwards twice before. Will it happen again? Possibly, but a lot of things depend on the outcomes of Brexit – they are due in weeks, if not days. If the trend stays, 0.87 will be the next target for bears. So let’s watch how Brexit evolves and mark the checkpoints.
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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