GBP/USD is positioned within the upper band of its recent range, currently around 1.3500–1.3530 after reaching a two-week high close to 1.3530. The market is evidently adhering to the 1.3530–1.3570 range as a significant resistance level – this area previously turned away price in early January and now serves as a crucial decision-making point. A … Read more
EUR/USD has shifted from a cautious struggle to a measured progression. The pair has ascended from demand levels close to 1.1600 and is currently trading in the range of 1.1830–1.1832, with the latest spot recorded at 1.18317. That represents approximately a 1.46% increase over the last three months, which may not be dramatic but indicates … Read more
The USD/JPY pair has transitioned from a steady ascent to exhibiting signs of strain. The pair concluded the week at approximately 155.75, reflecting a decline of about 1.47% for the week, following significant fluctuations between a peak near 159.23 and a trough around 155.60. This marks the second consecutive weekly decline in eight weeks, resulting … Read more
GBP/USD has surged from the mid-1.34 range to trade between 1.3540–1.3600, reaching a four-month high and confirming a distinct macro shift in favor of Sterling. The catalyst is not emotion but concrete information. In December, UK Retail Sales experienced a 0.4% month-over-month increase, surpassing expectations of a -0.1% decline. Additionally, annual growth improved from 1.8% … Read more
The EUR/USD pair has transitioned from a sideways movement to a trending phase. The pair is currently positioned between 1.1811 and 1.1826, marking a four-month peak, following a decisive breach of the 1.1775 trendline that linked the September and December highs, as well as surpassing the previous significant high at 1.1807. This action is not … Read more
The USD/JPY has transitioned from a straightforward carry trade to a complex political landscape. The pair experienced a reversal exceeding 300 pips, moving from the peak of 159.22 down to approximately 156.18–156.40 within a single trading session. Selling intensified following reports that Japan’s Ministry of Finance conducted a “rate check”, reaching out to banks for … Read more
The Canadian Dollar continues to strengthen against the US Dollar on Friday, bolstered by a generally weaker Greenback and robust Canadian Retail Sales figures that exceeded expectations. As of the current moment, USD/CAD is positioned at approximately 1.3767, indicating a fifth consecutive day of decline. The USD/CAD pair continues to fall as robust Canadian Retail … Read more
GBP/USD is currently fluctuating within a narrow yet assertive range of 1.3490–1.3535, having reversed a three-week downturn from the early-January peak close to 1.3568 and rebounded from the demand zone situated between 1.3340–1.3355. The pair is currently approaching a significant resistance zone at 1.3500–1.3570, where previous sellers have successfully upheld the downtrend. The macro backdrop … Read more
EUR/USD is currently positioned between 1.1730 and 1.1750 following a notable rebound from the 1.1575 to 1.1590 range. The recent bounce has disrupted a short descending channel observed on both the 4-hour and daily charts, effectively transforming the structure into a rising short-term trend. The current price is situated just beneath the 1.1760–1.1769 range, marking … Read more
The USD/JPY cross is currently positioned in a delicate balance following a week characterized by significant volatility influenced by central bank communications, political developments, and discussions of intervention. The price has been fluctuating between support levels in the range of 156.0–157.0 and encountering resistance in the zone of 159.0–161.9. A surge to approximately 159.2 following … Read more