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GBP/USD is attempting a fresh increase from the 1.3090 zone. EUR/GBP is gaining pace and might extend its upward move above the 0.8440 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today  The British Pound is attempting a recovery above the 1.3130 zone against the US Dollar.  There was a break above a key bearish […]

The post Market Analysis: GBP/USD Recovers While EUR/GBP Eyes Gains appeared first on Action Forex.

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15/12/2023

USD/JPY Accelerates Lower As Dollar Takes Hit Post Fed Decision

Key Highlights USD/JPY extended losses below the 142.50 support. A crucial bearish trend line is forming with resistance at 145.20 on the 4-hour chart. EUR/USD and GBP/USD surged after the Fed’s dovish stance. The US Manufacturing PMI could decline from 49.4 to 49.3 in Dec 2023 (Preliminary). USD/JPY Technical Analysis The US Dollar remained in […]
29/04/2024

US 500 Cash Index in the Green Ahead of Fed

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are probably feeling relieved following the recent strong tech earnings […]
20/01/2024

GBPJPY Charts New High But With Caution

GBPJPY loses momentum after charting new high Downside moves likely; resistance within 188.00-189.00 area GBPJPY ascended almost vertically after touching its 200-day simple moving average (SMA) at the start of January, erasing its latest bearish wave to print a new higher high of 188.90 on Friday—the highest level since August 2015. The 188.00 round level remains […]