Despite persistent inflation in the United States, market participants widely anticipate that the Federal Reserve (Fed) will lower its key overnight borrowing rate in the upcoming week. According to the CME FedWatch Tool, futures trading data...
Forecast of EURJPY According to the EURJPY's H4 time frame chart, the price increased during the previous week and even on Friday, but it dipped slightly before the trading market closed. The price of the EURJPY opened in a bearish gap on Monday of...
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Forecast of GBPUSD Since October 7th, the primary trend of the GBPUSD has been bearish, and after more than three months, the overall price activity of the GBPUSD remains unfavorable. When the GBPUSD price tested the price level of 1.1202 on January...
The GBP/USD pair continues to trade within a narrow range around the 1.2400 level as the US dollar extends its recovery ahead of the highly anticipated Federal Reserve (Fed) policy decision. Although the Relative Strength Index (RSI) on the...
