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​Technical Analysis: USDJPY confronts key resistance amid overbought RSI on NFP day

Despite successfully trading beyond 200-day SMA, USDJPY is yet to clear the key 109.30/40 resistance area comprising March 20 low and April 06 high. In addition to the strong upside barrier, overbough

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​Technical Analysis: EURUSD steps back from the key horizontal resistance on ECB day

The EURUSD pair's run-up to 12-week top fails to cross the horizontal resistance comprising tops marked on December 31, 2019, and March 16, 2020, amid overbought RSI conditions. As a result, the pair

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Technical Analysis: Brent Oil confronts 100-day SMA in a run-up to 12-week top

While extending its gradual recovery from April 22, as portrayed by a six-week-old rising trend line, Brent oil probes the 100-day SMA around $39.50 during the early Wednesday. The oil benchmark may n

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Technical Analysis: AUDUSD eases from 7-week-old resistance line

With the RBA's status-quo failing to propel the AUDUSD beyond late-January tops, a short-term rising trend line seems to trigger the pullback moves amid overbought RSI conditions. However, March month

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​Technical Analysis: GBPUSD clears three-month-old resistance to pierce 1.2400

Having breached a downward sloping trend line from early-March, GBPUSD rises to three-week high above 1.2400. Considering the ability to cross key resistance line, now support, the buyers are currentl

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