Key Highlights GBP/USD is consolidating above the 1.2620 support zone. A major bearish trend line is forming with resistance at 1.2740 on the 4-hour chart. Gold prices could decline if it settles below the $2,620 support zone. The US GDP could grow 2.8% in Q3 2024. GBP/USD Technical Analysis The British Pound struggled above 1.2750 […]
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Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… GBP/USD’s break of 1.2615 support suggest that recovery from 1.2486 has completed at 1.2810. Intraday bias is back on the downside for retesting 1.2486. Firm break Read more…
Daily Pivots: (S1) 153.78; (P) 154.32; (R1) 155.38; More… USD/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Break of 156.74 resistance should extend the whole rise from 139.57 to Read more…
Daily Pivots: (S1) 0.8946; (P) 0.8983; (R1) 0.9049; More… USD/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 08374 should target 61.8% projection of 0.8374 to 0.8956 Read more…