GBP/USD has decreased a little but this could be only a temporary decline. It could test and retest the immediate support levels before jumping higher. It’s trading in the red right now but it could turn to the upside anytime if the US Dollar Index drops further. The UK Average Earnings Index and …
Gold Upside Scenario Remains Intact!
XAU/USD has registered a sharp movement after the US inflation data release. It has decreased a little but now is trading in the green at 1,814.08 below 1,817.26 today’s high. It has decreased as much as 1,798.67 today where it has found strong demand. The US CPI and Core CPI have reported better …
EUR/GBP Falling Wedge Pattern!
EUR/GBP dropped after reaching the 0.8618 high and now is retesting the Falling Wedge’s resistance, the downtrend line. Validating the breakout could activate this major reversal pattern. The bias is bullish despite the current decline. It could start increasing anytime after some poor UK data …
