Market: GBP/JPYDirection: LongCurrent Market Price: 210.053Technical Bias: Bullish, subject to confirmation Trade Setup Trade Parameter Level Trade Direction Buy / Long Reference Market Price 210.053 Target 1 210.950 Target 2 211.830 Stop Loss 209.300 Key Support Zone 209.550–209.420 Technical Analysis GBP/JPY remains on watch for a potential bullish continuation following its previous rebound from the […]
The Indian rupee is leading currency losses in the latest foreign-exchange market update, falling 0.47%, while the Japanese yen declines 0.10% and the British pound slips 0.09%. The euro and US Dollar Index remain little changed, highlighting a mixed session across major currency markets. The rupee’s sharper decline places the Indian currency under greater pressure […]
The British Pound (GBP) reflects strength against the US Dollar (USD) on Thursday, trading firmly near the monthly high at around 1.3410 in the European trade. The GBP/USD pair strengthens as hot United Kingdom (UK) Consumer Price Index (CPI) data for September has boosted hawkish Bank of England (BoE) expectations. UK inflation surprise keeps BoE […]
The Euro (EUR) shows a mild bullish correction against the British Pound (GBP) on Thursday, following a more than 2.7% selloff from late September highs that had pushed the Relative Strength Index to heavily oversold levels in most timeframes. The EUR/GBP pair trades around 0.8390, after hitting fresh 17-month lows near 0.8370 on Wednesday, with […]
The GBP/USD pair declines to around 1.3375 during the early Asian trading hours on Wednesday. However, a stronger-than-expected UK labor report might cap the downside for the major pair. Traders will take more cues from the UK September Consumer Price Index (CPI) inflation data later on Wednesday. Data released by the Office for National Statistics […]
The British Pound (GBP) is up 0.22% higher at around 1.3333 against the US Dollar (USD) during the Asian session on Tuesday. The GBP/USD pair trades higher ahead of the United Kingdom (UK) labor market data for three months ending August, which will be published at 06:00 GMT. According to estimates, the ILO Unemployment Rate […]
The GBP/USD pair holds steady around 1.3330 during the early European trading hours on Monday. Traders continue to assess the US interest rate path after Federal Reserve (Fed) Chair Kevin Warsh’s remarks. All eyes will be on the UK jobs data on Tuesday. On Wednesday, the UK Consumer Price Index (CPI) inflation report will be […]
Global markets enter the week facing three competing forces: persistent inflation, geopolitical uncertainty and a critical test of corporate earnings expectations. Rising oil prices have reinforced concerns about energy supply and inflation, while higher-than-expected US CPI has complicated the outlook for monetary policy. At the same time, government bond yields have fallen amid risk aversion, […]
Foreign exchange markets head into Monday with the US dollar under pressure, as the dollar index falls 0.75% while the Brazilian real, New Zealand dollar, Norwegian krone, British pound and euro record gains. The Indian rupee and Mexican peso weaken, while the Japanese yen remains broadly unchanged. The dollar’s decline is the key development for […]
The GBP/USD pair gains traction to around 1.3300 during the early European trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) amid hawkish remarks from Bank of England (BoE) Governor Andrew Bailey and stronger UK Gross Domestic Product (GDP) data. Bailey said on Friday that soaring energy prices so […]