USD/JPY Outlook: Approaches 200-SMA, 23.6% Fibo. around 155.75
The USD/JPY pair is experiencing a slight pullback from the recent high of 156.80 to 156.85, which was reached just a day ago. During Thursday’s Asian trading session, the price dropped to roughly 155.75. It seems that the two-day winning streak has come to a halt, and several factors appear to be at play here. […]
GBP/USD Outlook: Negative below 200-SMA, UK CPI/FOMC to watch
GBP/USD Performance Analysis On Wednesday, GBP/USD continued to face downward pressure for the third consecutive day, unable to capitalize on a slight rebound from its lowest level in over a week, which had dipped below the important 1.3500 mark. Interestingly, this downside momentum seems somewhat restrained, as traders appear hesitant to make bold moves ahead […]