Analytic Method: Candle patternsWeekly/Monthly Analysis

Over time exchange rates have been going up and the market has been dominated by bullish candles, up until it hit a resistance which forced exchange rates down starting a bearish trend and this will go on for a while and most likely be at 77 in the month of may, yen pairs are currently experiencing pressure.

British economic conditions:• Still recovering from Brexit• UK economy is still struggling• Monetary policy still uncertain, Bank of England holding interest rates steady• Pound under pressure on market charts, both long-term and short-term view

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