GBPJPY Makes a Short-Term Retracement As RSI Hits 70.0 Level GBPJPY makes a short-term retracement as the RSI (Relative Strength Index) hits the 70.0 level. The market has been in a bullish trend since the beginning of 2023. Despite the ongoing uptrend, the GBPJPY experiences only a slight decline …
Price Action Charts in Focus
EURUSD Looks to Recover Strength
EURUSD Analysis - Buyers Are Gaining Resilience EURUSD looks to recover strength. The price is currently showing signs of a potential recovery in strength. While sellers are still present, the focus remains on the crucial 1.08500 area. If buyers can strengthen their position, it could present an …
AUDUSD Struggles to Gain Traction Amidst the PBoC Rate Cut
AUDUSD struggles to gain traction amidst the PBoC rate cut and hawkish Fed expectations. The pair is currently facing challenges while gaining momentum. This has resulted in it remaining within a narrow range around the 0.6400 key level. Despite the recent 10 basis point rate cut by the People's …