The GBP/USD currency pair experienced a significant rebound on Monday, gaining 0.5% and snapping a six-day losing streak. This bullish recovery halted the recent downward trend and pushed the pair closer to the 1.2700 level. While the pound itself...
In the immediate term, assuming sellers maintain control, the next support level is the November low of 0.6440 (November 14), followed by the 2024 bottom of 0.6347 On the upside, initial resistance is at the 200-day SMA of 0.6628, before reaching...
the immediate term, assuming sellers maintain control, the next support level is the November low of 0.6440 (November 14), followed by the 2024 bottom of 0.6347 On the upside, initial resistance is at the 200-day SMA of 0.6628, before reaching the...
The pair has dropped to approximately 0.6480 in Monday’s North American session, reflecting a broader decline in the Australian Dollar as the US Dollar strengthens. This movement comes amid heightened anticipation of the United States presidential...
