GBP/USD gained some follow-through traction
The GBP/USD pair maintained its bid tone through the first half of the European session, albeit has trimmed a part of its intraday gains and was last seen trading around the 1.3730-25 region. The pa...
Read MoreA modest USD profit-taking assisted GBP/USD to reverse
The GBP/USD pair once again showed some resilience below the 1.3600 mark and quickly recovered around 40-50 pips from the daily swing lows. The pair climbed back closer to the top end of its daily...
Read MoreUSD/JPY struggled to capitalize on its modest intraday gains
The USD/JPY pair retreated around 25-30 pips from the daily swing highs and was last seen hovering around mid-109.00s during the early North American session. The pair gained some positive tractio...
Read MoreSilver was seen consolidating the previous day’s sharp fall
Silver remained confined in a range above the $25.00 mark through the first half of the European session and consolidated the overnight slump to the lowest level since April 13. The previous day's...
Read MoreGBP/JPY bears are in control, but weekly support could result in a meaningful correction
The yen is picking up a safe-haven bid in the open of the week pertaining to fear of the delta variant spreading worldwide. However, from a technical standpoint, the price of GBP/JPY is meeting we...
Read MoreGBP/USD has seen a break below 1.3734
GBP/USD has seen a break below 1.3734. Therefore, cable is set to test medium-term support seen starting at the 200-day average at 1.3697 and stretching down to 1.3669/48 – the April low and 38.2%...
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