Key Highlights USD/JPY started a major decline below the 146.20 support. A major bearish trend line is forming with resistance near 146.20 on the 4-hour chart. EUR/USD is consolidating near the 1.0765 support zone. The US nonfarm payrolls could increase from 150K to 180K in Nov 2023. USD/JPY Technical Analysis The US Dollar started a […]
The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is currently trading at 1.2224, up 0.11%. UK inflation softer than expected The UK’s annual inflation rate eased slightly in December 2024, dropping to 2.5% from 2.6% in November. This was also lower than the market estimate of 2.6%, although it […]
The post UK Inflation Lower Than Expected, Sterling Shrugs appeared first on Action Forex.
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