The pound against the dollar continues to move below the resistance level of 1.2200, where it formed a bullish bounce and tested the resistance before completing the descending path, which is actually confirmed by the price breaching the support level 1.2110.
The bearish movement has a negative effect on the …
The EURUSD pair rebounded to the upside in an attempt to correct the bearish path and reached the resistance level 1.0475, to return to the bearish movement, affected by the negativity of the stochastic indicator, which forms a bearish crossover in the overbought area. Trading remains below the resistance level …
The dollar against the Japanese yen pair continues its bearish movement after forming a double top pattern that pushed the price lower and breaching the 50 average level, which was a support level for the price. It is currently approaching the next support 134.35.
Therefore, the bearish scenario will continue, …
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