Pressure on the Pound Is Mounting
Incoming macroeconomic data from the UK appears distinctly weak. GDP unexpectedly declined by 0.1% in May instead of the forecasted 0.1% growth. The …
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Pressure on the Pound Is Mounting
Incoming macroeconomic data from the UK appears distinctly weak. GDP unexpectedly declined by 0.1% in May instead of the forecasted 0.1% growth. The …
USDJPY under pressure before FOMC, on February 1st, 2023.
Red lines- bearish channel Blue line- support trend line USDJPY remains technically in a bearish trend as price is still inside the medium-term do…
GBP/USD analysis on October 24. The British pound is under pressure again.
For the pound/dollar instrument, the wave marking looks quite complicated at the moment but still does not require any clarification. We have a supp…
EUR/USD analysis on October 24. The euro is under pressure due to weak business activity in the EU.
The wave marking of the 4-hour chart for the euro/dollar instrument still does not require adjustments, but it is undoubtedly becoming more complica…
USDJPY under pressure falls below 133.
Two days ago we warned traders that USDJPY is providing rejection sign and the chances of a pull back had increased. Price reached resistance and bou…
Gold price remains under pressure despite Dollar weakness.
Red lines- downward trend line Blue line- resistance trend line Gold price is trading still above $1,700. Despite Dollar weakness Gold bulls seem …
Ethereum under strong bullish pressure, breakout attempt
ETH/USD rallied in the short term and now it approaches a strong resistance area. It was trading at 1,222 at the time of writing. Ethereum edged high…
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