GBP/USD Technical and Fundamental Analysis Technical Analysis On the H1 timeframe, GBP/USD is currently in an uptrend, having formed a support level at 1.25800 and previously encountered resistance at 1.26300. The market consolidated near this...
As traders await the publication of United Kingdom (UK) Retail Sales data, the GBP rises against the USD and breaks over the 1.2600 mark on Thursday. In the meantime, the US dollar declined due to a dismal US jobs report. The GBP/USD exchange rate...
The Bank of England (BoE) has issued a cautionary note regarding the inflationary risks posed by Chancellor Rachel Reeves' expansive Autumn Budget, signaling that it may adopt a more measured approach toward rate cuts in 2025. This contrasts with...
On the daily chart of the GBP/JPY pair, I observe that the pair is currently in a pullback phase following the upward movement that began on February 7 from a low of 187.051. I note that this upward momentum was relatively short-lived, lasting only...
EUR/USD Technical and Fundamental Analysis Technical Analysis: On the 1-hour time frame, the EUR/USD market was initially in a downtrend and was showing a bearish trend. However, the market has now broken out of its previous structure and is...
