GBP/USD Technical Analysis Last Week’s Results: GBP/USD tested the low of 1.2615 earlier this week and then experienced a strong bullish recovery. However, on Friday, the pair broke a key trendline on the hourly chart, indicating underlying bearish...
The Spot price is significantly influenced by broader market dynamics, which are shaped by global risk sentiment and the economic conditions in both the United States and Japan. At present, the US Dollar is benefiting from a risk-on environment,...
Traders focusing on the price should exercise patience and wait for clearer market confirmation before making any significant moves. The pair's outlook remains cautious, as it struggles to reclaim the 1.2800 level, weighed down by the strength of...
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The near-term outlook for the price remains predominantly bearish, with the pair showing limited signs of recovery. Despite some consolidation around current levels, the price continues to face significant downward pressure. The Euro has struggled...