Key Highlights GBP/USD started a fresh increase above the 1.3120 resistance. A key bullish trend line is forming with support near 1.3140 on the 4-hours chart. EUR/USD must clear 1.1120 to start a steady increase. Gold price is consolidating gains above the $1,900 support. GBP/USD Technical Analysis The British Pound started a fresh increase above […]
The post GBP/USD Could Extend Gains, Dollar Dips appeared first on Action Forex.
Daily Pivots: (S1) 1.3171; (P) 1.3271; (R1) 1.3323; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen. But risk will stay on the downside as long as Read more…
Daily Pivots: (S1) 159.23; (P) 159.49; (R1) 160.00; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 159.74 will target a retest of 161.94. Firm break there will confirm Read more…
Headline CPI inflation cooled in February to 1.8% year-on-year (y/y) slightly below consensus expectations. The GST/HST break ended partway through February 2025, which lead to large price increases in that month, but puts downward pressure Read more…