GBP/USD Technical: Bounce off Key Confluence Level Post PMI, Further Gains in Store?

Key Highlights EUR/USD started a downside correction from the 1.1200 zone. It traded below a key bullish trend line with support at 1.1125 on the 4-hour chart. GBP/USD is consolidating near the 1.3120 level and might correct lower. USD/JPY might aim for a fresh increase if it clears the 146.50 resistance. EUR/USD Technical Analysis The […]

BoE’s determination could be tested if this week’s CPI prints surprise on the upside Pound could benefit from a strong set of data this week Employment data will be released on Tuesday; the inflation report on Wednesday Inflation in the spotlight At the last Bank of England meeting, which is still relatively fresh in the […]

AUD/USD keeps firm bullish tone for the third consecutive, with better than expected China retail sales and industrial production data adding to positive near-term outlook, established after dovish Fed on Wednesday. The pair is trading near new 4 ½ month high in early Friday, with bullish technical studies contributing to positive fundamentals and continue to […]