Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: a short-term uptrend
GBP/USD: a short-term uptrend

GBP/USD continued its recovery yesterday. The pair rose to the 50-week MA at 1.3150. It’s quite natural to assume that this line will act as resistance.

GBP/JPY is choosing the way
GBP/JPY is choosing the way

GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.

USD/CHF can go lower
USD/CHF can go lower

USD/CHF is indecisive between 1.0025 and 0.9985, where it consolidated for 2 days.

USD/JPY: intraday trading
USD/JPY: intraday trading

Volatility has greatly diminished in USD/JPY. The pair is consolidating in a narrow range on H4, and a breakout is coming.

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