The resistance level of 108.50 holds back buyers. A pin bar reversal pattern formed on the H4 timeframe. Bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals oversoldness. The nearest support level is 107.30.
Trading recommendations:
Sell Below 107.30.
Stop Loss – 109.15.
Target levels-105.60; 103.20; …
The pair has formed a double top reversal pattern, which continues it’s formation. The Fed may stop cutting rates, and this will put pressure on the pair.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is located on the oversold zone line and …
The US dollar fell during the Asian session to witness a rebound for the third session from its highest since October 30, when it tested the highest since early August against the Japanese yen amid the lack of economic data by the Japanese economy and on the eve of developments …
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