The GBP/USD daily chart shows a volatile price movement over an extended period, with key support and resistance levels clearly visible. The price is currently trading near the 1.2583 level, which aligns with a significant horizontal resistance that...
Gold Analysis Profit-taking led to a significant decline in gold prices on Friday, February 14, despite forecasts suggesting the potential for a seventh consecutive week of gains. At the time of writing, spot gold had dropped 1.53% to $2,882.39 an...
Support and Resistance In forex trading, support and resistance are key concepts used to identify potential price reversal points. These levels help traders make informed decisions about when to enter or exit trades. Here's a breakdown of each:...
GBP/JPY Weekly Analysis: Technical and Fundamental Overview Current Market Situation The GBP/JPY currency pair has shown support around the 187.40 level during Tuesday's Asian session, but the price action remains weak. Currently, the spot price is...
Core Points about GBPJPY: The positive growth rate of the UK GDP has played a crucial role in strengthening the Great British Pound (GBP), reinforcing investor confidence in the currency. A robust GDP often reflects economic stability and growth,...
