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The Bearish Wedge in GBP/USD keeps the long-term "Double Top" the big risk for the pair. A big rejection of the descending and bearish wedge trend line (and 50dma) will keep the bearish bias intact as...
Bullish: We are currently at 1.2117 in a channel in a range. If we break this resistance, we are looking for a continuation to the 1.000 Fibo at 1.2174 area and then the ATR target at 1.2186.We have...
USD/JPY is picking up some upside momentum once again after BOJ leadership candidate Kazuo Ueda appeared in front of parliament last week. He supported the current ultra-loose monetary policy as...
USD: A delicate balance Another day and another piece of positive US activity data. Yesterday saw a strong January retail sales release. Though boosted by warmer weather, the data still positively...
The British pound steadied on Thursday. In the European session, GBP/USD is trading at 1.2053, up 0.25%. This follows a sharp drop of 1.2% a day earlier.UK inflation continues to fall but remains...
The British pound is sharply lower on Wednesday. In the European session, GBP/USD is trading at 1.2069, down 0.88%.UK inflation continues to fall, although it clearly has a long way to go....
A beautiful amount of volatility entered the market after releasing the US inflation data a few hours ago. Some large wicks presented in the GBP/USD, which eventually tested and rejected at 1.2121 to...
UK wage growth easesThe GBP/USD is slightly higher on Tuesday, as the markets digest today’s UK employment report. Wage growth rose by 5.9% in the October-December period, down from 6.5% and the...
It is prudent to examine the strength of the GBP/USD in the lead up to two very important inflation data reports. First is the US inflation data due on Wednesday. And second is the UK’s...
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