The bounce of the GBP/USD pair from the 1.2820 level yesterday is significant for several reasons. Firstly, this movement suggests that the 1.2820 level might serve as a strong support zone. Support zones are crucial in technical analysis because...
GBP/USD Fundamental Technical Analysis: The GBP/USD currency instrument is staying around 1.2710 as investors wait for the UK's inflation report and the minutes from the US Federal Reserve's (FOMC) meeting. Market participants need new signals...
The Japanese yen exchange rate against U.S. dollar debt. against the dollar seems unlikely until later this week. Immediately after the Bank of Japan’s June meeting, the USD/JPY pair rose to around 158.00, leaving interest rates unchanged....
The Euro continues its downward spiral against the British Pound, reaching a new 22-month low of 0.8400 on Friday. This latest drop extends a three-month decline that began in April, when the pair traded above 0.8600. Political uncertainty in Europe...
Gold remained strong on Friday, testing resistance around the 50-day moving average (MA), which is currently at $2,345. Notably, the 20-day MA was in line with the 50-day, indicating a similar value. When the 20-day MA crosses the bottom of the...