The GBP/USD pair is currently facing downward pressure, with an expected decline of 47 to 70 pips if it remains below the pivot point at 1.2536. This level serves as a key indicator of market sentiment, with a preferred downside target at 1.2433....
I observe that the GBP/USD daily chart shows a prolonged downward price channel that was active from October to February, characterized by consistent lower highs and lows. This pattern reflects sustained bearish sentiment during that period. I note,...
WTI crude oil futures have experienced a significant downturn, falling 6% over the past three weeks from their January peak of $79.36. A sharp pullback on Tuesday drove prices down to $70.66 before a resurgence of buying interest emerged from the...
The USD/JPY currency pair is showing signs of potential movement, with an estimated gain of 83 to 123 pips if it remains above the 152.13 support level. This pivot point is crucial in determining short-term price action, with a preference for a...
The GBP/USD pair is currently in a bearish setup, with expectations of a decline between 47 and 70 pips if it stays below the critical pivot point of 1.2536. This level represents a key resistance area, with a preferred downside target set at...
