GBP/USD Reaches 1.2451 Amid Weak US NFP Data The GBP/USD currency pair has surged to 1.2451, driven by disappointing US Nonfarm Payrolls (NFP) data. The NFP report indicated that only 143,000 new jobs were added, falling short of the expected...
Core Points about AUDUSD The AUD/USD market has shown resilience as it closed at the 0.6341 level, indicating that buyers have remained strong. Despite recent economic data releases, including the U.S. Retail Sales report, no significant advantage...
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:...
GBPUSD WEEKLY TECHNICAL ANALYSIS The GBP/USD pair is in a strong uptrend on the weekly chart. The current price is €1.25864. The key support level is 1.2370. I have been here many times. Our clients work here. They will increase prices. The next...
Technical Analysisound Sterling's Potential to Rise Above 1.2500 Introduction The Pound Sterling (GBP) has been experiencing volatility in recent times, particularly against its various peers. Investors are currently unsettled by the UK's economic...
