GBP/USD concluded the session near 1.3651 following a decline to approximately 1.3592 on Friday, a shift that momentarily breached 1.3600 before buyers re-entered the market, driving the pair upward into the close. The observed behavior validates 1.3600 as a true demand zone, rather than merely a psychological round figure. Currently, GBP/USD remains positioned beneath the … Read more
The EUR/USD pair is currently moving within a narrow range following its inability to maintain a position above 1.19. Stronger-than-expected US data caused the pair to pull back, yet the retreat stalled instead of collapsing, indicating that buyers remain active on dips. The most recent non-farm payrolls report showed an increase of approximately 130,000, significantly … Read more
The USD/JPY has transitioned from a straightforward dollar carry trade to a scenario resembling a congested exit strategy. The pair has decreased from just below ¥157 at the beginning of February to approximately ¥152–153, reflecting a weekly decline of around 2.9%, marking the steepest drop since late 2024. The recent movement is not merely a … 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
The USD/JPY is currently positioned just under the 153 mark, fluctuating between 152.8 and 152.9, following a decline from an intraday peak near 153.8, resulting in a weekly decrease of approximately 2.7%. The pair is retreating from the 154–155 zone that previously constrained price movement and is currently relying on the robust support band situated … Read more
The currency pair is experiencing slight upward movement, currently positioned around 1.3615 during the Asian session on Friday. The strong US jobs report tempers expectations for further Fed rate reductions. Fed’s Miran suggested that US monetary policy is tighter than he expected. The currency pair shows a modest increase, currently at 1.3615 during the Asian … 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
The EUR/USD pair is currently positioned around 1.186–1.187, following four sessions of constrained trading, oscillating within the range of approximately 1.1785 and 1.1930. The price continues to follow an upward trajectory, maintaining its position above the nine-day EMA close to 1.1860 and the 50-day EMA in the range of 1.1765–1.1766, with the shorter EMA positioned … Read more
The US Dollar against the Japanese Yen sees a drop on Friday as earlier gains are moderated by weaker-than-expected inflation figures from the US. There has been a rise in demand for the Yen following the recent election outcomes in Japan, coupled with positive indications from local policies. Japanese officials suggest a cautious but steady … Read more
The USD/CAD pair moves upward, approaching the 1.3580 level during the Asian session on Thursday. In January, the US Non-Farm Payrolls increased significantly, marking the largest rise in over a year, while the Unemployment Rate saw an unexpected decline. Market participants prepare for the upcoming US January CPI inflation data, set to be released on … Read more