GBP/USD Tests 1.25000 level

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Source: Dukascopy Bank SA
The holiday trading week allows global trader sentiment to determine the trading bias of a currency pair. GBP/USD is currently testing the 1.25000 price level.



The price level of 1.26055 should be tested if the forward momentum in the price action suggests that a move to the upside is possible. In that case, the further price level of 1.27000 could also be tested.
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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

Thu, 19 Dec 2024 14:13:29 GMT

GBP/USD decline reaches 1.26000

The Federal Reserve's decision on December 18th has had a significant impact on the GBP/USD currency pair. The substantial increase in USD strength has brought the GBP/USD pair towards the 1.26000 price level. If the price momentum to the downside continues, the 1.24800 support level could be tested. The December 20th data release for month-on-month retail sales in the UK

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