Pound Falls to 3-Week Low, Markets Expect BoE Cut in November

Key Highlights EUR/USD started another decline and traded below the 1.0500 support. A major bearish trend line is forming with resistance at 1.0485 on the 4-hour chart. Bitcoin rallied further and traded close to the $100,000 milestone level. GBP/USD dipped further and tested the 1.2500 support zone. EUR/USD Technical Analysis The Euro started yet another […]

USDJPY trades sideways in anticipation of next week’s key events USDJPY’s correction halted a tad above the 200-day SMA Momentum indicators support the bearish trend but with less conviction USDJPY is trying to record a green candle today as it tests the resistance set by the 146.65-148.28 range. The correction from the late February highs halted […]

EURUSD is consolidating under new one-week high, posted after Thursday’s 0.8% jump. Fresh advance broke again above Fibo resistance at 1.0563 (38.2% of 1.0936/1.0332), after last week’s recovery stalled at this zone, despite registering a weekly close above 1.0563. Signals on daily chart are mixed, with 14-d momentum entering negative territory and conflicting MA’s, but […]