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The GBPUSD pair remains in a bullish position, but signs of being overbought are emerging with the RSI indicator nearing 70. The pair has support near 1.3200 and resistance around 1.3260, with the next significant level at 1.3300. On Monday, the pair gained momentum as a weakening US Dollar and optimism around a potential Federal […]

The post GBP: Traders Await BoE’s Interest Rate Decision appeared first on Action Forex.

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29/04/2024

Japanese Yen Shows Volatility Amid Speculation of Intervention

The USD/JPY pair is hovering around 155.00 on Monday, having earlier touched a new 34-year peak at 160.00. Market rumours suggest that the Japanese authorities might have intervened in the currency market, although there has been no official confirmation. Today’s market movement is particularly notable due to a public holiday in Japan, which has resulted […]
09/01/2024

Sunset Market Commentary

Markets Economic data were few today. Still core bond yields continued the bottoming out process that started last week, with Europe this time taking the lead. German yields are rising between 5-6 bps across the curve. Supply obviously was the name of the game today. According to Bloomberg analyses, a record of at least (probably […]
06/09/2024

USD/JPY Extends Losses, US NFP Report Next

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