Cable returned to red after limited bounce on Tuesday, sparked by downbeat US data, signaling that short consolidation is likely to precede fresh push lower. Initial negative signal on break below 2022 low (1.1760) that hit new lowest since March 2020 (1.1717), needs confirmation on repeated close below 1.1760 pivot and open way for continuation […]
The post GBP/USD: Pound May Fall Further if Conditions Continue to Weaken appeared first on Action Forex.
Bitcoin is in a “transition phase,” consolidating below $70,000 after retreating from $71,000, however the recovery lacks the “ingredients of a decisive bullish turn”. Despite accelerating institutional inflows into US Spot Bitcoin ETFs, the average Read more…
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Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…