GBPUSD Hits Fresh 1-Year High

Key Highlights EUR/USD failed again to clear the 1.1010 resistance. A key bullish trend line is forming with support near 1.0860 on the 4-hour chart. GBP/USD also started a downside correction from the 1.2780 zone. Gold prices are struggling to stay above the $2,000 pivot level. EUR/USD Technical Analysis The Euro gained bullish momentum after […]

USDJPY extends pullback from the three-month high (150.88) into second straight day, as traders booked profits after Tuesday’s rally of nearly 1%. Overbought daily studies contributed to fresh selling, which is expected to push the price lower and offer better levels for new entries into broader bullish market. Correction is likely to be limited as […]

Market picture The crypto market continues to avoid gaining momentum on the upside but remains within an uptrend: the bulls fail to accelerate price gains, but the overall upward trend remains. ‘Extreme Greed’ persists in the markets, with the corresponding index at 79. In contrast, the sentiment in the stock markets is almost ‘Neutral’. Bitcoin […]