GBP/JPY Market Outlook Good Morning to everyone! The market of GBP/JPY is looking in favor of sellers as the price reached the overbought zone. It can pull back and cross the support zone of 194.75 later. Also, it's essential to maintain a...
The GBP/USD pair is currently indicating a near-term positive trend, with the 14-period Relative Strength Index (RSI) showing strong upward momentum. The RSI is oscillating in the bullish region between 60.00 and 80.00, suggesting that the market is...
The pair could also retrace toward 1.0945, where resistance was seen yesterday. Alternatively, we might see a deeper correction, pushing the price back to the 1.0880 level, which was not thoroughly tested during yesterday's session. In either case,...
The spot price began in October with a slight decline, trading around 1.3055, down by 0.32% during the North American session. With US financial markets closed in observance of Labor Day, the session is expected to remain quiet. Traders are eyeing...
USD/CAD technical analysis Daily time frame: As I observed through the daily time frame, after experiencing an upward trend for three consecutive days, the USD/CAD pair finally started to experience a downward trend last Friday. The seller's next...