EUR/GBP to remain range-bound as budget risk premium fades: UBS

The USDJPY pair has been displaying a consistent uptrend, as evidenced by its movement within a rising price channel on the 4-hour chart. This pattern suggests that the bullish momentum that began at 141.64 remains intact, offering traders a clear visual guide for potential future moves. As long as the pair continues to respect the…

GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will target 61.8% projection of 1.3158 to 1.3598 from 1.3453 at 1.3725 first. Firm break there will target a retest on…

Are you finding it hard to find good entry and exit points in the forex market? Many traders struggle with this. A strategy that uses currency pairs correlation and high-low zigzag analysis can help. This method helps find market reversals and can increase profits. It works by looking at how different currency pairs move together….

By Hannah Lang NEW YORK (Reuters) -The dollar was off a one-week high against other major currencies on Friday, capping off a turbulent few days as traders digested a drop in U.S. jobless claims and the prospect of a looming economic downturn. The U.S. currency was down against the Japanese yen following a three-day rebound,…