GBP/USD is showing bullish signs above the 1.2870 zone. EUR/GBP is gaining pace and might extend its upward move above the 0.8445 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is gaining pace above the 1.2870 zone against the US Dollar. There is a connecting bullish trend line forming with support […]
The post GBP/USD Rallies While EUR/GBP Gains Strength appeared first on Action Forex.
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, Read more…
Daily Pivots: (S1) 146.83; (P) 147.48; (R1) 148.41; More… USD/JPY’s recovery from 146.52 extends higher today, but it’s still seen as part of a consolidation pattern. Intraday bias remains neutral for now. Upside should be Read more…
Daily Pivots: (S1) 0.8787; (P) 0.8812; (R1) 0.8850; More… Intraday bias in USD/CHF remains neutral as consolidation from 0.8757 is in progress. Upside of recovery should be limited by 0.8911 support turned resistance to bring Read more…