Technical Analysis
GBP/USD saw an upward movement recently but struggled to maintain momentum, particularly evident in its failure to close above the 200-day SMA.
The EUR/USD currency pair opened trading near the 1.0700 level, with the most recent transaction occurring at 1.0725.
The recent market movements in the EUR/USD pair reflect a complex interplay of economic indicators and central bank communications.
The recent trading activity in GBP/USD indicates a downward trend, evidenced by a 0.5% decline and a test of the critical support level at 1.25.
The EUR/USD currency pair exhibits a moderate increase to 1.0728 following the release of US GDP data
USD/JPY exhibits heightened volatility within a wide range of 155.15-160.20
Following the US GDP data release, the EUR/USD currency pair experienced a moderate rise to 1.0728, signaling a positive market reaction.
USD/JPY has successfully breached the 155 level
GBPUSD pulls back from recent lows, key data risks include Friday PCE Data