Logo-color Logo-white

Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through pivotal barriers at 1.2846/60 (200WMA/former top June 12) and pressuring key barrier at 1.2893 (2024 high, posted on March 8). […]

The post GBP/USD: Stronger than Expected UK GDP Numbers Lift Cable to Four-Month High appeared first on Action Forex.

previous

Crypto Lacks Bulls

next

US: Inflationary Pressures Cool Faster than Expected in June, Bolstering Case for September Rate Cut

Read More

20/08/2024

Bitcoin Price Breakout: Could It Lead To Bigger Gains?

Key Highlights Bitcoin price is aiming for a decent increase above the $60,000 resistance. BTC cleared a key contracting triangle with resistance at $60,800 on the 4-hour chart. Gold bulls pushed the price above the $2,500 resistance zone. GBP/USD is showing positive signs and aiming for a move above 1.3000. Bitcoin Price Technical Analysis Bitcoin […]
21/08/2024

GBP/USD Hits 1-Month High, UK PMIs Next

The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome Powell The annual meeting at Jackson Hole has […]
17/04/2024

USDJPY Wave Analysis

USDJPY under the bullish pressure Likely to rise to resistance level 156.35 USDJPY currency pair under the bullish pressure after the earlier breakout of the major resistance level 151.80, former yearly high from 2022 and 2023. The breakout of the resistance level 151.80 accelerated the C-wave of the active ABC correction (B) from the start […]