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GBP/USD is attempting a fresh increase from the 1.2745 zone. EUR/GBP is gaining pace and might extend its rally above the 0.8550 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a recovery above the 1.2780 zone against the US Dollar.  There was a break above a key bearish trend […]

The post GBP/USD Recovers While EUR/GBP Aims More Upsides appeared first on Action Forex.

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11/04/2024

Natural Gas Wave Analysis

Natural gas reversed from key resistance level 2.035 Likely to fall to support level 1.860 Natural gas recently reversed down from the key resistance level 2.035 (former strong support from the end of January and the monthly high from March). The downward reversal from the resistance level 2.035 stopped the previous minor impulse wave i. […]
07/12/2023

AUD/JPY Analysis: Rate Falls to Important Support

This morning, the AUD/JPY rate dropped below 95.2 yen per Australian dollar for the first time since late October. The weakening of the AUD was contributed by: → negative news regarding the Chinese economy. The Hang Seng Index set its 2023 low yesterday; → Australian GDP data published yesterday, which is growing at a weaker-than-expected […]
05/08/2024

EUR/USD Targets Gains, Bitcoin and Ethereum Nosedives

Key Highlights EUR/USD started a fresh increase from the 1.0775 support zone. It broke a key bearish trend line with resistance at 1.0820 on the 4-hour chart. GBP/USD is attempting to recover above the 1.2820 resistance. Bitcoin and Ethereum declined heavily below $60,000 and $2,500 respectively. EUR/USD Technical Analysis The Euro found support near the […]