Key Highlights GBP/USD rallied toward 1.2740 before it corrected lower. A key bullish trend line is forming with support near 1.2610 on the 4-hour chart. EUR/USD corrected lower below the 1.0880 support zone. The US ISM Services PMI could increase from 51.8 to 52.0 in Nov 2023. GBP/USD Technical Analysis The British Pound started a […]
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over 4.5% from a peak of 160.2 at the start of trading on Monday. Behind the pair’s rise is a long-term fundamental factor: a huge and widening interest rate differential with a shrinking trade surplus. Currency interventions of the Japanese Ministry […]
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