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GBP/USD: key technical levels
Information is not investment advice
GBP/USD is having a third bullish week in a row. The pair has reached our previous buy target at 1.25 and may be up for more given its clear attempt to form a base around 1.20 and the previous break above 1.23. In the short-term, the pair may test lower levels as there's bearish divergence on the H4. The key level for the upside is 1.25 (100-day MA, previous week's highs): the decline there may attract new buyers that will aim at 1.2700/30. If, however, GBP/USD slides below 1.2490, it will be the time for selling with targets at 1.2440 and 1.2390.
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus