USDCHF remains in red at the start of the week and hit new three-month low, as safe-haves Swiss franc continues to shine on growing concerns on overheated economic and geopolitical conditions. Anticipated impact from tariffs on imports from Canada, Mexico and China in form of destabilization of flow of goods, higher prices which would lift […]
Key Highlights GBP/USD faced rejection near 1.2700 and declined heavily. A major bearish trend line is forming with resistance at 1.2670 on the 4-hour chart. EUR/USD is also trading in a bearish zone below 1.0700. The US Gross Domestic Product could grow by 1.3% in Q1 2024. GBP/USD Technical Analysis The British Pound failed to […]
The post GBP/USD Faces Downside Risk: What Traders Should Watch appeared first on Action Forex.
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