The GBP/USD pair is under pressure, with bearish sentiment prevailing due to diverging monetary policies between the BoE and the Fed. Technical indicators suggest further downside, with the pair likely to test the 1.2900 support level.

The USD/CHF pair shows a bearish trend amid mixed economic signals from both the US and Swiss economies. With resistance at the 50-day SMA and broader bearish technical indicators, the market outlook leans towards further downside. Key support lies at 0.8400, making a short position viable for medium-term traders looking to capitalise on the prevailing market sentiment.

The GBPCAD currency pair currently displays bullish potential driven by divergent central bank policies and economic fundamentals. A recent golden cross signals continued upside, with key support at 1.7600 holding strong. While resistance at 1.8000 remains a hurdle, further gains are likely if sentiment remains positive.

The USD/JPY is showing signs of a bearish turn, driven by policy divergence between the Fed and BOJ. While the US maintains a hawkish stance with higher rates, Japan faces mixed economic signals. Technical indicators point to weakness, but key support at 144.50 might limit immediate downside potential.

GBP/CAD remains under bearish pressure, driven by divergent central bank policies and economic health. With the BoE cautious amid mixed data and the BoC benefiting from stable conditions, a short position is recommended with targets aligned to technical support levels and a sound risk-reward ratio.

GBP/JPY has shown mixed signals recently, with moving averages and central bank divergences supporting a bullish view. However, inflation and employment data discrepancies pose potential challenges. Key levels to watch are 191 for support and 198 for resistance.

The GBP/JPY pair faces downside risks amidst divergent central bank policies and weakening UK economic data. Key technical levels show resistance at 194.00, with support near 190.10, where the 200-day SMA stands. With bearish sentiment growing, the outlook for GBP/JPY remains negative, supported by the recent death cross and weaker UK fundamentals.

Introduction The USD/JPY pair has experienced significant volatility recently. This volatility is largely driven by contrasting monetary policies and mixed economic signals from the US and Japan. The Federal Reserve remains hawkish, signalling that further rate hikes might be necessary. On the other hand, the Bank of Japan maintains its dovish stance, continuing with its ultra-loose monetary policy. Uncertainty surrounding US interest rates and Japan’s fragile economic recovery are contributing……
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Introduction The British Pound is exhibiting a bullish move against the Canadian Dollar, driven by a recent series of strong economic data from the UK, contrasted with mixed economic signals from Canada. As the Bank of England (BoE) faces increased pressure to maintain higher interest rates due to persistent inflation, the Bank of Canada (BoC) contends with softer economic growth and fluctuations in oil prices—Canada’s key export. This divergence has……
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The GBP/JPY pair shows signs of a bearish reversal after rejecting key resistance at 195.00. While the long-term outlook for GBP remains positive due to interest rate divergence, short-term risks favour a retracement. Keep an eye on inflationary concerns in the UK and a fragile economic backdrop, which could weigh on the currency pair in the coming days.