Traders Edge: Market Briefing 25/10/22

By Tomasz Wisniewski|

Published: October 25 2022, 08:56 GMT+0

Traders Edge: Market Briefing 25/10/22

In today’s Trader’s Edge Market Briefing, Tomasz found these unique setups that we thought you’d find interesting.

EURUSD flirts with the upper line of the channel down, which for months was a great resistance

GBPUSD trades inside of the pennant waiting for a breakout

GBPJPY climbs higher aiming for new, long-term highs

USDJPY reversed about 50% of the previous BoJ intervention, and is still staying above the main long-term supports

Gold drops after a bearish session yesterday, which happened below a major resistance

SP500 climbs higher after the Inverse Head and Shoulders pattern

Dow Jones continues the rise but in this case, we are fueled by the double bottom formation