Hello everyone! What are your thoughts on GBP/USD? In the previous session, GBP/USD saw a mild increase following the UK’s January inflation data release. However, later in the day, the U.S. dollar (USD) strengthened due to risk-averse market sentiment, leading to a pullback in the pair. The Federal Reserve’s January meeting minutes revealed that some...
After hitting a historic high, gold is experiencing a slight pullback, but the correction appears well-contained. Concerns over Donald Trump’s tariff policies and the risk of a global trade war continue to support gold’s bullish momentum. At the same time, weak USD sentiment is helping to limit downside pressure on XAU/USD. Currently, gold is trading around...
USD/JPY is trading within a wedge pattern, with sellers holding the advantage. A sell setup is confirmed if the price breaks below the 151.38 support. If the pair recovers, selling near the trendline resistance at 153.53 would be a strategic entry. Do you agree with this outlook and strategy?