GBPUSD Wave Analysis

RBA left its policy cash rate unchanged at 4.35% in line with expectations. A slight dovish tonality in the monetary policy statement has reduced the expectations of a “hawkish pause”. Technical analysis suggests that the medium-term uptrend phase of the AUD/USD from its 26 October 2023 low remains intact. Watch the 0.6570 pivotal support. Australia’s […]

EURUSD touched 1.0800 but returned higher Price moves within bearish triangle MACD and RSI suggest negative bias EURUSD tumbled below the crucial 1.0845 restricted zone, generating concerns that the decline from the 200-day simple moving average (SMA) may continue.  Also, the market declined slightly below the 1.0800 round number during Monday’s session, meeting the lower boundary of the bearish […]

Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold prices could attempt a steady increase above the $2,050 resistance. USD/JPY Technical Analysis The US Dollar rallied above the 146.20 […]