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GBPJPY activated the Rising Wedge!

According to Reuters News, Japan’s Ministry of Finance (MOF), Bank of Japan (BOJ) and the Financial Services Agency (FSA) will possibly meet today afternoon to discuss financial markets. During Asian’s session, we are expecting major news from Japan, like, Unemployment Rate (Dec) (Previous: 2.7%, Forecast: 2.7%), Large Retailer’s Sales (Dec) (Previous: 1.4%, Forecast: -0.6%), Retail […]

NZDJPY Daily Trading Plan

We are following a simple, well known technical pattern, named Pivots, in order to find out opportunities in the market. Pivot points are calculated as an average of significant prices from the performance of the market in the prior trading day. The Pivots are often turning points for the direction of price movement in the market. […]

GBPJPY fails to break out for the second time!

Japan’s machinery orders in April surged the most since the start of 2016, shifting the previous month’s decline. This gives expectations for a strong growth in capital expenditure, which is significant for economy’s recovery.  Reviewing the G7 Summit, there was a tense escalation between US and Canada as U.S. President Trump called him “very dishonest […]