Key Highlights GBP/USD gained bearish momentum below the 1.2640 support zone. A major bearish trend line is forming with resistance at 1.2670 on the 4-hour chart. Gold prices rallied further above the $2,260 resistance. The US ISM Services Index could increase from 52.6 to 52.7 in March 2024. GBP/USD Technical Analysis The British Pound started […]
The post GBP/USD Slides Further and Bears Are Not Done Yet appeared first on Action Forex.
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…
GBP/USD’s fall from 1.3433 continued last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. Decisive Read more…