Pound Sterling (GBP)

GBP/USD continues to face downward pressure, with the market holding support at 1.3000, as we mentioned last week. Intraday levels show resistance around 1.3135, and as long as the market remains below this level, the downtrend is likely…
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GBP/USD managed to rebound above the 1.3135 resistance level, which may provide a chance for further gains towards the 1.3235-45 zone. As seen on the chart, the market may establish a trading range between the 1.3235-45 resistance and the…
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USDJPY pair awaits the next BoJ signal The greenback gained positive traction against the Yen as price action continued its higher move. The USDJPY pair has jumped over 400 pips so far and looks poised to climb further. The uncertainty…
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The economies of the UK and the Euro Area have taken diverging paths since the start of the year, allowing the GBPEUR to continue to appreciate. The latest leading indicators suggest the divide has deepened, and this has given the GBPEUR…
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GBPUSD tested the 1.3320-30 support zone. As we see over the intraday chart, if prices hold above 1.3320-30, more advance toward 1.3635 will be expected. Below 1.3280 more of a drop toward 1.3160-75 could hit the market.…
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Dow US 30 tests resistance The Dow US 30 aims for another record high after witnessing a brief pullback. A previous drop below 42000 has shaken out some weak hands, and the bulls are still in the market. 42300 is a crucial resistance to…
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S&P 500 index continues to rally The S&P 500 index closed at another record high as stocks continued to digest last week’s Fed cut. The rally has hit a slight consolidation at 5730. A bearish RSI could show a pullback in…
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USOIL bounces from multi-month low WTI price keeps the comeback going after bouncing from multi-month lows. On the chart, a new high above 71.00 has put the commodity back on track and could lead to a broader recovery, with the…
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GBPUSD managed to break above the 1.3300 resistance which could lead to an advance toward targets 1.3435 and 1.3635. As we see over the Intraday chart, prices hold above the support of 1.3220 and printed 1.2348 low today. As long as the…
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XAGUSD spikes higher The silver rally continued after the Fed’s decision, pushing prices to a fresh high., as Silver moved to a fresh high. The precious metal has recouped most of the losses from the recent sell-off. The peak of 31.50 is…
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