Technical Analysis

17 May 2024
"GBP/USD Pauses Near 1.2700 After Soft CPI Data, Eyes on May 22 UK Inflation Report for BoE Clues

Sterling bulls hit a pause near the 1.2700 mark after reaching a five-week high of 1.2701 early Thursday.

16 May 2024
EUR/USD Hits 1-1/2 Month High as U.S. Inflation Data Boosts Rate Cut Expectations

The EUR/USD pair surged to a 1-1/2-month high on Wednesday

15 May 2024
USD/JPY Faces Key Resistance at 157 Ahead of Crucial U.S. CPI and Retail Sales Data

The USD/JPY pair is in a critical phase, with its recent recovery from this month’s low of 151.90 being closely watched by market participants.

14 May 2024
USD/JPY Surges Past 156.05 on Inflation Concerns; Eyes 158.28 as Key Technical Pivot Amid US Data and BoJ Rate Hike Expectations

The USD/JPY pair has gained 0.28%, surpassing 156.05, marking a significant 50% retracement of its recent plunge.

13 May 2024
EUR/USD Faces Technical Crossroads at 1.0790 Amidst Central Bank Signals and US Data Anticipation

Last Friday, EUR/USD encountered notable resistance at 1.0790, influenced by multiple factors signaling potential market shifts.

10 May 2024
USD/JPY Rebounds to 155.70 on Strong Japanese Importer Demand Despite Weakening Japan Economic Indicators

When yields on US Treasury bonds decrease, it can lead to a decreased demand for the US dollar, thereby causing its value t decline against other currencies like the Japanese yen.

09 May 2024
GBP Softens Ahead of BoE Meeting Amid Uncertainty Over June Rate Cut Odds

The pound softened ahead of Thursday's Bank of England (BoE) meeting, with the possibility of a rate cut in June hovering near 50% odds.

08 May 2024
GBP/USD Technical Analysis: Support and Resistance Levels in Focus Ahead of BoE Meeting

The GBP/USD currency pair experienced a 0.30% decline, reaching 1.2520 and slipping below recent lows.

07 May 2024
USD/JPY Rebounds Amidst Intervention Concerns, Eyes on U.S. Data for Direction

The USD/JPY pair experienced a significant 0.6% increase on Monday, albeit with potential limitations on further upside movement expected before the release of key U.S. economic data on May 15th

06 May 2024
GBP/USD Technical Analysis: Struggles with 200-day SMA Amidst Momentum Concerns

GBP/USD saw an upward movement recently but struggled to maintain momentum, particularly evident in its failure to close above the 200-day SMA.