Technical Analysis
The GBP/USD pair experienced a significant rise to a session high of 1.2795, positioning itself to potentially test the recent trend high at 1.2818.
The USD/JPY has experienced a significant decline this week, primarily driven by a broader unwinding of yen-funded risk-on trades and a substantial drop in the U.S. JOLTS job openings, which fell well below forecasted levels.
GBP/USD remains anchored by its flattening 10-day moving average at 1.2731, down 0.07% in early North American trading.
The EUR/USD pair is experiencing a slight uptick, trading within the range of 1.0846-1.0858, as risk sentiment remains positive ahead of the upcoming European manufacturing PMIs.
EUR/USD turned positive after hitting a 12-session low on Thursday, with longs benefiting from bullish technical signals.
The GBP/USD retreated from Tuesday's nine-week high of 1.2801 but maintains a positive outlook, staying close to the March 8 high of 1.2894.
The USD/JPY currency pair is experiencing a notable recovery, driven by an unexpected surge in U.S. consumer confidence and a rise in Treasury yields following significant Treasury sales this past Tuesday.
The EUR/USD pair has been constrained within a narrow range of 1.08 to 1.09 over the past two weeks
The chart of Bitcoin (BTC/USD) on the 4-hour timeframe showcases a comprehensive technical analysis with the use of various indicators and drawing tools.
On Thursday, the EUR/USD pair faced significant volatility, ultimately closing the day nearly unchanged. This was primarily driven by a clash of economic data from both sides of the Atlantic.