The GBPUSD chart on the H1 timeframe presents a detailed view of recent price movements, offering valuable insights for potential trading strategies. The price appears to be consolidating within a narrow range between 1.2380 and 1.2388, suggesting a...
February 6, 2025 The USD/CHF currency pair is trading around 0.9058, reflecting a modest increase of approximately 0.03% for the day. The USD/CHF pair defends the 0.9000 psychological mark and attracts some dip-buyers during the Asian session on...
The GBP/USD currency pair is under continued downward pressure, with expectations of a decline ranging from 47 to 70 pips if the price remains below the crucial pivot point of 1.2536. This level serves as a strong resistance zone, and as long as the...
The Bank of England (BoE) is widely expected to cut interest rates by 25 basis points (bps), bringing the rate down to 4.75%. Among the nine members of the Monetary Policy Committee (MPC), a majority of seven are anticipated to vote in favor of this...
The USD/JPY currency pair is currently at a crucial juncture, with the potential to gain between 83 and 123 pips if it successfully holds above the key support level of 152.13. This level serves as a critical reference point for market participants,...
