We have outlooked several promising Forex pairs and the result can surprise you!
EUR/JPY looks vulnerable
Information is not investment advice
EUR/JPY failed to settle above the 100-day MA. This line has a bearish bias and acts as resistance around 126.70. The weekly pivot point is also located near this area. As long as the pair is capped by this level, sellers will dominate at this market.
The ECB meeting scheduled later today will lead to an increase in volatility. There are reasons to think that the upcoming move will be to the downside. The bearish targets include a former resistance zone of 125.90 and 125.45 (Fibo level).
XAU/USD looks weak. Will it keep falling? Let's find out!
Ichimoku Kinko Hyo AUD/JPY: The AUD/JPY pair is now trading on the Kijun sen level…
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.