The USD/JPY currency pair has been fluctuating between approximately ¥155.75 and ¥156.80–156.85, following a peak at a two-week high near 156.8 before retreating toward the 155.7–156.0 range. The movement from just below ¥156.00 to ¥156.8, followed by the rejection, indicates a market that remains bullish on dollars, yet is becoming more responsive to any signals … Read more
GBP/USD is currently positioned around 1.3470–1.3488, influenced by the Bank of England’s shift towards easing measures and a USD that remains resilient. MPC member Alan Taylor discussed the possibility of “two or three” additional cuts before the Bank Rate attains a neutral level, highlighting the risks leaning towards lower inflation and increased unemployment, while conveying … Read more
GBP/USD is fluctuating around the 1.35 level following a significant pullback from the year-to-date peak close to 1.3865. The pair momentarily dipped under 1.3450, reaching four-week lows, before finding stability as the strength of the US dollar diminished and UK data became less definitive. The current spot rate is contained within a range, facing resistance … Read more
The GBP/USD pair is currently positioned slightly above 1.36, fluctuating between 1.3640 and 1.3635 following several unsuccessful attempts to maintain levels above the 1.37 to 1.3760 range. The structure continues to exhibit higher highs and higher lows; however, the most recent advance has paused just below a descending trendline and a Fibonacci cluster around 1.3690–1.3700, … Read more
GBP/USD is currently positioned near 1.3620, reflecting minimal movement for the day and a slight increase of approximately 0.12% over the week, following a retreat from levels exceeding 1.3700. The price is positioned precisely at the lower boundary of an ascending channel established from the advance observed between November and January, accompanied by a narrow … Read more
GBP/USD is currently positioned between 1.3615 and 1.3622, having struggled to maintain momentum after the attempt to reach 1.3850 to 1.3858. The pair has experienced a slight decline over the past three to four sessions, resulting in a modest weekly gain of approximately 0.12%. However, this pullback is occurring within a rising channel, rather than … Read more
GBP/USD is currently positioned in the range of 1.3680–1.3670 in Europe, having struggled to maintain levels above 1.37. The current price is positioned slightly above the nine-day EMA, which is concentrated around the range of 1.3650 to 1.3655, and is significantly above the 50-day EMA located near 1.3513. The pair continues to trade within an … Read more
GBP/USD is currently positioned between 1.3600 and 1.3610, having pulled back from the late-January high of approximately 1.3869. This movement reflects a decline of nearly 200 pips from the four-year peak, yet the fundamental uptrend remains intact. The daily chart indicates that the pair remains above the 100-day EMA, maintaining a medium-term upward structure as … Read more
EUR/USD is currently positioned between 1.18 and 1.1820, following a week that saw an ascent towards 1.1875 on Monday, which subsequently retraced. The price is positioned at the upper band of the recent structure, with a defined range approximately between 1.1780 on the lower end and 1.1900 on the upper end. The current level remains … Read more
GBP/USD has transitioned from a clear four-month uptrend into a volatile, politically influenced range. Following a rise to a 4½-year peak around 1.3870–1.3880 in January, the pair has encountered downward pressure, recording intraday lows close to 1.3533 and facing challenges in regaining the 1.3700 level. Each advance beyond 1.3680–1.3720 is met with selling pressure, indicating … Read more