With more than 300 pips, the price of the USD/JPY currency pair moved upwards from 122.00 to the resistance level 125.10, the highest in six years.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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GBP/USD's rebound from early March lows faltered around 1.33 and around a notable level of technical resistance on the charts last week
Spot natural gas prices (CFDS ON NATURAL GAS) slightly decreased during the recent trading at the intraday levels, to record slight daily losses until the moment of writing this report, by -0.46%.
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The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions, by 0.27%, to gain about 94.65 points.
Ripple has seen sharp price movements the past day of trading, as its track upwards has continued with occasional strong reversals being displayed.
AVAX/USD has produced volatility the past day, but the cryptocurrency has extended its run higher while also providing speculative fireworks.
The Ethereum markets had a very bullish session on Monday to kick off a huge “W pattern.”
Solana broke higher on Friday to reach the crucial 200-day EMA.
The West Texas Intermediate Crude Oil market pulled back a bit on Monday to kick off the week on its back foot.
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The S&P 500 initially pulled back in the futures market on Monday, only to turn around to reach the upside.
The NASDAQ 100 pulled back during the early hours on Monday but then turned around to show signs of life as the 200-day EMA offered support.
The Australian dollar went back and forth on Monday, struggling with the 0.75 level yet again.
The German DAX Index initially rallied on Monday to show signs of strength but ran into a bit of a technical barrier in the form of the 50-day EMA.
Bitcoin broke above the crucial 200-day EMA, and perhaps more importantly, the $45,000 level.
The euro fell a bit to kick off the Monday session before turning around and bouncing a bit.