GBP/USD Technical Analysis: GBP/USD closed the week on a bullish note, pushing towards 1.2700. I’ve been watching how the pair has held above the 50-day SMA, which suggests further upside potential. Key resistance stands at 1.2725, and if that...
USD/JPY Weekly Analysis and Forecast Market Overview The USD/JPY market closed last week at 150.625 after testing the 149.00 support level on Friday. The USD/JPY market initially fell but recovered towards the 151.300 resistance level and the 20...
GBP/USD Market Overview The GBP/USD market ended its downtrend last week, reaching a weekly high of 1.27151 before closing at 1.25752. The GBP/USD market faced selling pressure, which led to a break below a critical support level. Daily chart...
GBP/USD Technical Analysis The GBP/USD pair trades near a key support level in the H4 timeframe. Market structure suggests that if this support level (1.2500) is broken, the trendline pushing prices higher will also be invalidated. However, if the...
Chinese President Xi Jinping recently expressed confidence in China's economic growth, stating, "China has full confidence in achieving this year's economic target." He emphasized China's role as the world's largest engine of economic growth and...
