GBPUSD Price Analysis – May 24 From the last trading session, the GBPUSD pair has dropped in a row for the 3rd day, ending at around 1.2161 level. The BOE also weighed the UK currency speaking about negative rates, and Brexit-related uncertainties, as the Kingdom refuses to prolong the transitional phase past December this year, […]
GBPJPY Price Analysis – May 24 The sterling stays selling against the Japanese yen on a bid tone, poised for a three-day negative note, unable to bounce from the ascending trendline, now at 130.86 level. And the pair kept the downside bias steady, with the pound softer against the safe haven-yen as the bleak UK […]
EURUSD Price Analysis – May 21 During Thursday’s American session, the EURUSD pair tested the 1.10 threshold upside down and was seen 0.20 percent lower on the day. The FX pair extends the recovery and flirts past the level of 1.1000 towards the main barrier potential test in the region of 1.1055 and later lost […]
AUDUSD Price Analysis – May 21 The AUDUSD pair climbed to its highest level in the previous session since early March at 0.6616, before entering a consolidation period after staging a moderate rebound past 0.6569 level. The pair witnessed some lengthy-unwinding force on Thursday and appears to have broken two consecutive days of winning run […]
GBPUSD Price Analysis – May 20 The Pound Sterling has been on Wednesday’s back foot and intensified lower after an analysis showed Britain’s inflation dropped sharply in April, striking the lowest as of 2016 due to an interruption by the coronavirus. The weakness was, however, protected by the 1.2240 regions as GBPUSD regains traction towards […]
USDCHF Price Analysis – May 19 USDCHF posts a slight gain of about 0.10 percent after flickering as a quote at 0.9724 level amid early Tuesday’s session. The pair exchange within a triangle in a consolidation bout while anticipating a breakout. The widespread uncertainty in the USD does seem to encourage USDCHF to trade sideways. […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is presently rising from its low of level 10161and approaching level 11000. On the upside, if the bulls break above level 11000, the market will rally above level 11500. It other words, […]
GBPUSD Price Analysis – May 17 From the previous session into the new week, GBPUSD holds in red and continues to trade under strong selling pressure towards the mid-1.2000 handle. Sterling is under severe pressure due to extended lockdown that caused record-breaking economic contraction while basing that the central bank does not consider negative rates, […]
GBPJPY Price Analysis – May 17 GBPJPY turnaround from highs beyond 133.00 level earlier in the previous week has continued to slide further down to fresh May lows beneath the threshold of 130.00 where the FX pair may find buyers. At the end of the week, the pair depreciated about 1.17 percent, overwhelmed by investors concerning the effect of COVID–19 on the UK economy and fears of Brexit. Key LevelsResistance Levels: 147.95, 139.18, 135.76Support Levels: 128.58, 126.54, 123.99 GBPJPY Long term Trend: RangingIn the larger sense, 122.75 (low) level price activities are primarily a horizontal consolidation trend, which has been finished at level 147.95. The broader downward trend from level 195.86 (high) and that from level 251.09 (high) are anticipated to continue. A 122.75 level break may reach 195.86 to 122.75 levels with an estimate of 61.8 percent from 147.95 to 102.76 levels next. The trend may in some scenarios stay bearish as long as the resistance level of 147.95 remains intact.GBPJPY Short term Trend: BearishThe fall of GBPJPY continued last week to close at a level of 129.55 as seen on tradingview. The progression reinforced the perception that at 135.76 level corrective recovery from 123.99 level as seen on the daily chart has been finished. The initial bias remains on the downside this new week at 128.58 level for a 61.8 percent retracement from 123.99 to 135.76 levels. There the forceful split may also approach a low level 123.99 test. On the contrary, neutral intraday bias may first shift beyond the slight resistance level of 131.90. Bears stay in complete charge of GBPJPY and thus should anticipate more price weakness. Note: learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results Broker Benefits Min Deposit Score Visit Broker Award-winning Cryptocurrency trading platform $100 minimum deposit, FCA […]
