## Analysis of GBP/JPY at 203.35 with Bearish Trend ### Current Market Position As of now, GBP/JPY is trading at 203.35. This level is significant, indicating a notable point of support or resistance in the market. The current trend is bearish,...
The price of West Texas Intermediate (WTI) crude oil, a significant US benchmark, hovered near $80.50 per barrel on Monday. This increase is driven by geopolitical concerns and anticipated summer demand. Tensions in the Middle East are heightening...
The USD/CHF pair began the Asian trading session with a slight uptrend, maintaining its momentum despite the weakening US dollar, which makes the Swiss franc relatively cheaper. Today, there were no major economic updates from Switzerland, so...
1. **Economic Data**: Economic indicators from both the UK and Japan play a crucial role in influencing the GBP/JPY exchange rate. For the UK, data such as GDP growth, employment figures, inflation rates, and Bank of England's monetary policy...
The Australian Dollar (AUD) is facing headwinds against its peers, particularly the US Dollar (USD). The AUD/USD pair is currently hovering around a critical support level at the 0.6640 mark, which is defined by its 20-day simple moving average...