GBP/USD consolidates gains near 3-year high. Short-term bias remains positive; focus on 1.3597 resistance. GBPUSD has eased slightly below May’s three-year high of 1.3592, but Monday’s solid rebound has renewed optimism that the bulls are still in control. For further upside momentum, the price needs a decisive close above the resistance line from July 2023 […]
The post GBP/USD Takes a Breather Before Next Bullish Move appeared first on Action Forex.
Real wages in Japan fell by -1.8% yoy in April, marking the fourth consecutive month of decline as persistent inflation continued to erode household purchasing power. While nominal wages rose 2.3% yoy, slightly below the Read more…
Fed’s Beige Book report paints a picture of slowing US economy marked by pervasive caution and subdued sentiment. Economic activity was reported to have “declined slightly” overall, with half of the twelve Districts seeing slight Read more…
Key Highlights GBP/USD started a fresh increase above the 1.3500 resistance zone. A connecting bullish trend line is forming with support at 1.3530 on the 4-hour chart. EUR/USD is now gaining pace and might clear Read more…