Key Highlights GBP/USD declined below 1.3550 and tested the 1.3365 zone. It now faces hurdles near the 1.3520 and 1.3550 levels on the 4-hour chart. EUR/USD attempted a fresh increase and might gain pace if it clears 1.1750. USD/JPY started a fresh decline below the 148.00 level. GBP/USD Technical Analysis The British Pound gained bearish […]
The post GBP/USD Faces Resistance—Upside May Be Exhausted appeared first on Action Forex.
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…