GBPUSD Weekly Technical Analysis GBPUSD is currently trading near the 1.2630 level after showing bullish momentum over the past few weeks. The price is positioned around the 70-period moving average (MA) on the weekly timeframe, indicating a...
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The market, in my view, is not governed by fundamental analysis but rather by technical analysis, where price movements are driven from one level to another. While fundamentals do have an impact, I believe their influence is more pronounced in force...
The past week showed a continuation of the upward trend for the EUR/USD currency pair, but the bulls faced resistance when attempting to retest the 1.0500 level. I observed that buyers were unable to surpass the February 14 high of 1.0515 or the...
Market Fundamentals: The resurgence of the so-called "Trump trade" has kept US Treasury bond yields elevated near multi-month highs, providing support for the US dollar while limiting gains for the GBP/USD pair. Investors remain cautious, awaiting...
