EUR/USD enters January 2026 trading within the 1.17–1.18 range, concluding December at approximately 1.1738–1.1763 following multiple unsuccessful efforts to maintain a position above the 1.1800 psychological threshold. At the beginning of December, the pair was positioned around 1.1585, indicating that the market has gained approximately 180–200 pips within a single month and about 13% over … Read more
GBP/USD is currently positioned between 1.3450 and 1.3460, having encountered resistance once more at the 1.3534–1.3535 level. The mentioned level represents the highest point in the last three months and marks the upper boundary of the ongoing ascending channel. The pair currently rests just below the nine-day EMA at 1.3462, maintaining a position significantly above … Read more
GBP/USD is currently positioned at approximately 1.3510 following a two-day surge that propelled the pair past 1.3450, establishing a narrow range between 1.3470 and 1.3518, just below the resistance level. The price remains firmly above the 1.3500 level, indicating that buyers have effectively absorbed the initial spike following the Bank of England’s 25 bps reduction … Read more
GBP/USD commenced the week at approximately 1.33785 and concluded near 1.34978, resulting in an approximate gain of 120 pips over the span of five trading days. The current price is positioned within a well-established short-term range, spanning from 1.34310 to 1.35430, with Friday’s closing value situated close to the upper boundary of this interval. The … Read more
The GBP/USD pair is currently positioned just below the $1.35 mark, with the spot rate at approximately 1.34994 according to the forecast feed and around 1.3492 in the cross-market wrap. The price is currently consolidating following a robust pre-Christmas rally that elevated the pair to an 11-week high close to $1.35. The current market activity … Read more
The USD/JPY is currently positioned in the mid-156s, specifically around 156.5–156.6, following a recent high near 157.77 and maintaining a presence in the upper segment of a broad 140–160 range throughout much of Q4. The daily candles exhibit a sense of control; however, it is important to note that we are in late-cycle territory following … Read more
The US dollar is experiencing a decline against the Canadian dollar during Christmas Eve trading, likely due to the thin trading environment typically seen during this period. In USD/CAD, given the current conditions, it is essential to approach the market with a high degree of caution, as USD/CAD is likely to experience significant volatility once … Read more
The USD/JPY is currently positioned in the mid-156 range, having retreated from a year-to-date high near 157.83 and consistently struggling to maintain levels above the 157–158 range. The rejection zone now establishes the upper boundary of a distinct double-top formation on the daily chart, with a neckline positioned around 154.42 and further trend support near … Read more
GBP/USD is currently positioned at $1.3501, maintaining Wednesday’s closing level as we approach the December 25 holiday, while adhering to a clear ascending channel that has been instrumental in the uptrend since late November. The US Dollar Index, currently around 97.95, is confined within a descending channel that has restricted every upward movement since mid-November. … Read more
The EUR/USD pair is currently positioned between 1.1790 and 1.1800, having recently reached a three-month peak at 1.1808. The action occurs in light of a robust 4.3% annualized US GDP figure for Q3, an increase from approximately 3.8%, which typically would have bolstered the USD under standard conditions. The recent uptick in the dollar proved … Read more