GBP/JPY Trading Analysis Update Wednesday, February 5, 2025 The Japanese Yen currency outlook strengthened again after the release of Average Cash Earnings y/y data which jumped 4.8% from the previous data of 3.9%. In fact, the results of the data...
The EUR/JPY currency pair experienced a pullback on Wednesday, trading around the 159.00 level in the Asian session, after gains in the previous session. This decline is primarily attributed to the strengthening of the Japanese yen, fueled by...
The Gold Market Update Gold is trading at 2856 and rising again after testing the 2850 support level on the H1 chart. The market is currently approaching the critical volatility level at 2875. If this level is breached, gold prices may continue to...
USD/JPY Price Analysis: Technical outlook An official at the Bank of Japan (BoJ) said on Wednesday that the “BoJ sees underlying inflation gradually heading toward 2%. Price rises post-pandemic have been driven mostly by cost-push factors, such as...
Currency pair GBPUSD - H4 chart. This new week, and the trading month, began with a sharp drop downwards, with a rather impressive price gap, which, however, has already been covered. The price on Friday stood right at the horizontal support level...
