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Key Highlights GBP/USD climbed higher above the 1.2780 resistance zone. The pair is signaling a strong bullish momentum above 1.2800 on the 4-hour chart. Oil prices corrected lower from the $84.65 zone. Bitcoin is struggling to start a recovery wave above $60,000. GBP/USD Technical Analysis The British Pound formed a base above the 1.2620 level […]

The post GBP/USD Strengthens: Analyzing Further Upside Opportunities appeared first on Action Forex.

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15/03/2024

USD/JPY Rises, All Eyes on BoJ After Wage Deal

The Japanese yen has extended its losses against the US dollar for a fourth straight day and is down 1.1% this week. In the European session, USD/JPY is trading at 148.70, up 0.28%. Japanese unions win big, BoJ considering rate hike Japan’s largest trade union announced today that workers at Japan’s largest firms would receive […]
14/02/2024

Gold – Falls Below $2,000 After Resilient Display This Year

US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this year, finally crumbled under the pressure of higher rates. How much worse it gets for the yellow metal will ultimately depend […]
12/09/2024

Euro Flat Ahead of ECB Decision

The euro continues to show limited movement and is almost unchanged on Thursday. EUR/USD is trading at 1.1010 in the North American session at the time of writing. ECB expected to deliver 25 bps cut The European Central Bank meets later today and the markets are expecting a rate cut of 25 basis points, which […]