Logo-color Logo-white

The GBP/USD pair has again lost direction, hovering around 1.3283 on Thursday after hitting a seven-day high mid-week. Key drivers influencing GBP/USD movement The US dollar weakened on Wednesday, allowing the pound to regain ground. This shift followed ongoing currency negotiations between the US and South Korea, where both parties agreed to continue discussions on […]

The post GBP/USD at a Crossroads: Momentum Needed for New Buying Opportunities appeared first on Action Forex.

previous

Gold Price Drops to Lowest Level in Over a Month

next

US: Retail Sales Take a Breather in April    

Read More

11/04/2025

USD/JPY Slips Further—Market Eyes Key Support Levels Ahead

Key Highlights USD/JPY started a fresh decline below the 146.50 level. A connecting bearish trend line is forming with resistance at 148.20 on the 4-hour chart. GBP/USD is again rising and might aim for gains above 1.3000. Gold prices could rally further and to a new record high above $3,150 level. USD/JPY Technical Analysis The […]
22/07/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance area Likely to fall to support level 172.95 GBPUSD currency pair earlier reversed down from the resistance area located between the key resistance level 1.3060 (which stopped the multi-month uptrend in July) and the upper weekly Bollinger Band. The downward reversal from this resistance area stopped the previous weekly impulse wave […]
06/12/2024

Liquidations in Bitcoin, Altcoins Cooling Off

Market Picture The crypto market cap has shrunk to $3.6 trillion, down around 2% in the last 24 hours. The main volatility has been in Bitcoin, with Ethereum affected to a lesser extent and a barely noticeable ripple at the altcoin level. This is a strong signal of a short-term shakeout but not a change […]