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GBPUSD inches down to a new five-month low An extension below 1.2400 could generate fresh selling interest GBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself within the 1.2488-1.2892 range. But its efforts proved unsuccessful, with the pair charting a new lower low of 1.2405 during Tuesday’s early trading hours – the […]

The post GBPUSD Pulls Back into the Negative Zone appeared first on Action Forex.

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DXY: For DXY, the current momentum on the chart is assessed as bullish, with several factors contributing to this outlook. One notable factor is that the price is currently positioned above a major ascending trend line, indicating potential for further bullish momentum. Looking ahead, the price could potentially experience a bullish bounce off the 1st […]
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