GBP/JPY gained 2.72% for the week. BOJ intervention gave GBP/JPY buyers a better entry price near the weekly low of 165. 3. GBP/JPY remains on the upside and tests the February 2016 high of...
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The USD is the strongest and the GBP is the weakest as the NA session begins
The USD is the strongest and the GBP is the weakest as traders send stocks lower and yields higher. The day after the BOE raised rates by 50 basis points, the new UK government is announcing...
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Dollar continues its rampage ahead of European trading
It’s been a rather straightforward one after Jackson Hole as the Fed’s resolute commitment to fighting inflation is sending the dollar soaring in the aftermath. The theme is carrying over to today with the...
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GBP/USD Technical Analysis: Chance of Downward Pressure
The free collapse of the GBP/USD currency pair continues, and its losses reached the 1.1742 lowest support level for the currency pair in nearly 30 months. It is settling around the 1.1765 level at the time...
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GBP/USD Forex Signal: Volatility Escalates, Bears in Control
Bearish view Sell the GBP/USD pair and set a take-profit at 1.1650. Add a stop-loss at 1.1800. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.1800 and a take-profit at 1.1900. Add a...
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USD/MXN: Dynamic and Energetic Movements Prevail for Traders
The USD/MXN ranks among the most intriguing major currency pairs for traders to wager on because of its rather contradictory results for nearly a year. As of this writing the USD/MXN currency pair is near the...
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GBP/USD Technical Analysis: Price of Sterling is Still Weak
Despite the halt in the US dollar’s gains, the gains of the GBP/USD currency pair did not exceed the 1.2063 level and settled around the 1.2000 level at the beginning of this important week’s...
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GBP/USD Forecast: Attempt to Breakout
The British pound tried to bounce a couple of times over the last several days, but right now it looks as if the 1.20 level is going to continue to offer major resistance. The 1.20 level is...
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Easy come, easy go
Things looked good to kick start the new week initially but come day end, equities had a stinker as US indices limped to the finish line. The jitters came about after a report on Apple...
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