The US dollar seems to be exhibiting improving sentiment as speculative interest regresses. This confers a calmer look to the greenback ahead of the US CPI. As a result, this has resisted a continued upside retracement in the GBP/USD pair at a psychological resistance price level. Key Price Levels:Resistance Levels: 1.2800, 1.2900, and 1.3000Support Levels:…
Quick Look: GBP/USD Surge: GBP/USD hits a three-month high of $1.2820, driven by a shift in sentiment from the US dollar. Technical Breakout: Surpasses the previous peak, breaking the ‘Double Top’ pattern, signaling potential bullish momentum. Nonfarm Payrolls Impact: US nonfarm payrolls report on Friday could influence GBP/USD; strong data may boost the dollar. The…
During this morning’s Asian trading session, EURUSD moved in the 1.08700-1.08900 range. Yesterday, we saw another test of the weekly open price by GBPUSD. EURUSD chart analysis During this morning’s Asian trading session, EURUSD moved in the 1.08700-1.08900 range. In the EU session, we continue in the same direction without major movements. We are waiting…
GBP/USD Breaks 1.27 Supply Zone: Next Target 1.28 Home Forex GBP/USD Breaks 1.27 Supply Zone: Next Target 1.28 Source link