Logo-color Logo-white

As of today, the GBP/USD chart indicates that the British pound has declined by more than 2% against the US dollar since the beginning of July. Notably, the pace of the decline accelerated on Friday and continued into Monday. According to Reuters, the pound is under pressure due to market concerns over a potential economic […]

The post GBP/USD Rate Falls to Key Support Level appeared first on Action Forex.

previous

Bitcoin Corrects, But Market Not Worried

next

RBA Minutes July 2025: The Narrow Path of Narrative

Read More

01/12/2023

USDCHF Bullish Odds Increase After 4-month Lows

USDCHF bounces from 4-month lows Oversold signals create hopes for a rebound An advance above 0.9100 is required USDCHF extended its three-week bearish wave, dipping as low as 0.8683 on Thursday before closing the day with mild gains above the 0.8700 round level. Although Friday’s session started with weak momentum ahead of the ISM business […]
10/06/2024

Gold Could Be Poised for a Continuation Lower

Gold violates bullish structure; prints a head and shoulders pattern Short-term risk is negative; confirmation signal awaited below 2,285 Gold has stabilized near May’s floor of 2,285 after losing more than 3.0% on Friday to mark its biggest daily loss in two years. The price’s current lackluster performance indicates a probable bearish continuation, given its drop below the […]
25/06/2024

CADJPY Aims for April’s Multi-Year High

CADJPY surpasses key resistance levels, but enters overbought zone Next resistance at 117.93; support at 115.80-116.00 Canadian CPI inflation due for release at 12:30 GMT CADJPY is in the third consecutive week of gains, having experienced an impressive rally to almost reach the 117.00 round level following the rebound near the 50-day simple moving average […]