GBP/USD drops below 1.25000

Source: Dukascopy Bank SA
GBP/USD currency pair has dropped to its lowest in over eight months, below 1.2500 against the US Dollar, as the USD gained strength due to expectations of growth from President-elect Trump's policies. These policies are expected to slow Federal Reserve rate cuts, supporting the USD. The Fed also predicts fewer rate cuts this year, with Federal Fund rates possibly reaching 3.9% by the end of 2025.



RSI indicator on a 14-hour period suggests that FX pair could be considered oversold, thus a reversal towards 1.27800 could occur.
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Wed, 08 Jan 2025 09:54:25 GMT

EUR/USD moves towards 1.02500

EUR/USD currency pair is trading above 1.0310, while having some downside pressure at current price levels. If downward pressure continues, continuation towards 1.0249 support. If support is broken move to the 1.0010 might be possible. A bullish reversal towards 1.0473 which is 61.80% Fibonacci resistance could occur if momentum changes, further resistance of 1.06100 should be considered as a

Fri, 27 Dec 2024 14:59:45 GMT

USD/JPY Tests 158.000

The price level of 158.000 for USD/JPY has been reached and will be tested. If a successful breakout occurs, the upside momentum could possibly push the currency rate higher towards 160.000. However, if the price level of 158.000 is rejected in the near term, a move to the downside towards the price range of 156.800-156.055 is likely. If no

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