Technical Analysis

18 December 2024

USD/JPY Weakens as Risk-Off Sentiment and BOJ Bets Pressure Bulls

USD/JPY fell on Tuesday, retreating to a low of 153.17 after setting a session high at 154.34 in Asia, as yen shorts began to cover positions amid ris...

17 December 2024

Sterling Bulls on Edge as UK Inflation Data and BoE Rate Path Take Center Stage

GBP/USD held steady on Monday, clawing back losses after dipping to 1.2635 following upbeat U.S. ISM services data. The pair briefly tested 1.27 but f...

16 December 2024

EUR/USD Stabilizes Above 1.0500 as Fed Decision Looms Large

EUR/USD traded higher Friday, rebounding from a 13-session low as tighter German-U.S. spreads and EUR/JPY gains provided support. The pair’s ability t...

13 December 2024

Euro Weakens on ECB Rate Cut and Dovish Policy Signals

The euro fell following the European Central Bank’s widely expected 25 basis point rate cut and a policy statement that removed guidance on maintainin...

13 December 2024

USD/JPY Stabilizes Above Pivot as Market Awaits Fed and BOJ Decisions

USD/JPY traded sideways on Thursday, holding above critical support at 152.04 as firmer U.S. Treasury yields countered earlier weakness. The rebound w...

12 December 2024

EUR/USD: Downward Pressure Mounts as US Rate Cut Expectations Fade, ECB Dovishness Looms

EUR/USD is facing renewed downward pressure, with the pair trading below the critical 1.0500 level. This weakness stems from a combination of factors,...

11 December 2024

Sterling Ranges Narrowly Ahead of CPI and Central Bank Guidance

GBP/USD remained rangebound on Tuesday, with the pair trading near flat in the NorAm afternoon at 1.2747 as traders awaited critical inflation data an...

10 December 2024

USD/JPY Sets One-Week High as Diminished BOJ Hike Odds Fuel Dollar Strength

USD/JPY climbed to a new December high, testing 151.35 on Monday, as markets grew more doubtful about the BOJ delivering a rate hike this month. The o...

09 December 2024

Sterling Caps Gains at 200-Day MA as Dollar Demand Resumes

GBP/USD briefly rallied post-payrolls but ultimately failed to sustain gains above 1.28, as key resistance at the 200-day moving average (1.2821) prov...

06 December 2024

USD/JPY-Data-Driven Range Break Set to Test Key Levels

USD/JPY currently hovers near 150, balancing on a knife’s edge as traders brace for a potential range break triggered by critical data releases. With...