GBPUSD Forex Analysis - Downtrend Continuation Pattern Forming

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD daily and 4-hour charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the GBPUSD daily and 4-hour charts.

Price has rallied back to the 79% fib retracement level of the daily range.

1.2745 the 79% fib retracement level.

Watching for price to rally and fail at this intraday resistance level for a further decline targeting 1.2479 the 127% extension level.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

ACY Securities
종류: STP, ECN, Prime of Prime, Pro
규제: ASIC (Australia), FSCA (South Africa)
read more
Market Digests US-Iran Agreement; Eyes on Two Central Banks' Decisions

Market Digests US-Iran Agreement; Eyes on Two Central Banks' Decisions

US stock markets soared on Monday, with the Dow up 0.9% to a record, the S&P 500 up 1.66%, and the Nasdaq up 3.07%. Treasury yields fell to a one-month low, and the US dollar dropped against the Euro and Pound. The US-Iran deal eased rate-hike concerns, pushing gold to a one-week high and causing crude oil to drop by over 4%.
ATFX | 18 시간 27 분 전
Technical Outlook on GOLD, GBP/USD, USD/JPY

Technical Outlook on GOLD, GBP/USD, USD/JPY

GOLD rebounds as traders welcome temporary US-Iran peace deal ahead of the FOMC decision. USD/JPY bulls appear to be running out of steam as focus shifts to the BoJ rate decision. GBP/USD extends recovery but remains cautious as the BoE meeting, economic data and UK politics weigh on sentiment.
XM Group | 1 일 전
US-Iran Tensions Escalate Anew; Focus Shifts to ECB Rate Hike

US-Iran Tensions Escalate Anew; Focus Shifts to ECB Rate Hike

On Wednesday, US stock indices dropped by over 1%, with the Dow down 1.87%, the S&P 500 down 1.62%, and the Nasdaq losing 1.98%. Concerns over US-Iran tensions unsettled investors, even as CPI met expectations. US Treasury yields rose slightly, the dollar slipped 0.1%, and spot gold fell over 4% to $4,073.46, the lowest since March 23. Crude prices rose above $90 per barrel amid renewed friction.
ATFX | 5 일 전
Middle East tensions spark market sell-off; all eyes on U.S. CPI tonight.

Middle East tensions spark market sell-off; all eyes on U.S. CPI tonight.

U.S. strikes on Iran have heightened tensions in the Middle East and increased risk aversion, contributing to market weakness ahead of the U.S. CPI data. Tonight’s CPI release could hit 4.2%, the highest since September 2022, which could affect Fed policy expectations and increase volatility. The Bank of Canada is expected to hold rates steady, but its statement may impact the CAD amid ongoing
ATFX | 6 일 전
GBP/USD Remains Under Pressure Despite Attempts to Recover

GBP/USD Remains Under Pressure Despite Attempts to Recover

GBP/USD attempted to move closer to 1.3350 on Tuesday but remained under pressure. The US dollar continues to benefit from strong US labour market data, which reinforced expectations that the Federal Reserve will maintain a restrictive monetary policy stance and could even consider further interest rate increases before the end of the year.
RoboForex | 7 일 전