The 4-hour GBPUSD chart shows that the price made two attempts to push higher, but both rallies were halted by a strong resistance level of around 1.2650. After these failed upward moves, the market dynamics shifted, and we are now seeing a series...
Traders' attention should be firmly fixed on the Bank of England's rate hike decision and the UK's negotiations with the EU. These pivotal factors will shape the Pound's future trajectory against the euro. The market is currently in a cautious...
The GBP/JPY pair experienced a decline on Tuesday, retreating from daily highs around the 159.35 area amid selling pressure on the British pound. The U.S. dollar's strength, following Fed Chair Jerome Powell's hawkish stance, and the lack of clear...
The USD/CAD currency pair is showing dominance among buyers in the market today. Overall, the outlook suggests a potential decline in this pair. This view is supported by the accumulation of buyers at the 1.3511 level. The trading idea is to...
GBP/JPY Market Analysis October 1, 2024 According to monitoring of price movements that occur on the chart using a daily timeframe, it can be seen that the trend direction of the GBPJPY pair in the last month's trading session has indeed continued...