Technical Analysis

The EUR/USD currency pair has modestly climbed to 1.0728 following the announcement of US GDP figures. The market has reacted positively to strong economic indicators, notably the higher-than-anticipated PCE (Personal Consumption Expenditures) component, signaling a solid economic environment.

The USD/JPY pair demonstrates resilience, finding support at the critical level of 153.60, coinciding with the 20-day Moving Average, amidst market de-risking.

The EUR/USD pair exhibits choppy trading dynamics, indicating a possible reversal from the bearish trend, supported by technical indicators and upcoming fundamental releases impacting market sentiment.

The GBP/USD pair closed slightly lower at 1.2425, ending within the day’s trading range of 1.2465 to 1.2410