TheKing_3

TheKing_3

GBP/USD hovers near 1.21685, weighed down by the strength of the US dollar and disappointing UK economic data. On the daily chart, the pair remains below the EMA 34 (1.24791) and EMA 89 (1.26814), with key resistance at 1.25257. The bearish trend persists, with potential targets at the support level of 1.18658. Trading Strategy: Sell (short) near 1.25257,...

TheKing_3

The USD/JPY pair experienced a 0.6% rise on Friday, driven by a robust recovery in the U.S. dollar. This rebound followed a technical bounce from key moving averages. Despite this recovery, the broader outlook for USD/JPY hints at potential downside, as the market increasingly anticipates Federal Reserve rate cuts. On the daily chart, the pair remains capped by...

TheKing_3

EUR/USD continues its downward trajectory, hitting daily lows near 1.0260 as robust U.S. data strengthens the dollar. Sellers remain dominant, with the pair unable to break above critical resistance levels. On the daily chart, the lower Bollinger Band at 1.0270 provides temporary support, but the overall downtrend signals more potential downside. Resistance at...

TheKing_3

Gold is trading sideways near the $2,700 level following a decline from its recent peak near $2,724. This reflects hesitation among buyers and sellers as they await clearer market signals. The slight recovery in the US dollar toward the end of the week has pressured gold prices, slowing its bullish momentum. The daily chart highlights the $2,703–$2,724 zone as a...