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After being stuck at the 1.9531-1.9489 area level which is now the Resistance area level on the 4-hour GBP/AUD chart, the currency pair is currently experiencing quite a strong weakening.
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday October 02, 2024.
Currently on the 4-hour chart, the AUD.JPY currency pair is moving in a Sideways condition, this is confirmed by the EMA 21 which moves between the Candle bodies with.
Trading Recommendations and Analysis for GBP/USD on October 2; The Pound's Collapse Has Begun
The GBP/USD currency pair also showed a significant decline on Tuesday. This outcome doesn't surprise us, as the pound sterling is even more overbought and unjustifiably expensive than the euro.
Trading Recommendations and Analysis for EUR/USD on October 2; The Euro Couldn't Hold Out
The EUR/USD currency pair experienced a sharp decline on Monday and Tuesday, with euro quotes dropping by 160 pips in less than two days. We had long warned traders that.
Forecast for GBP/USD on October 2, 2024
Under the influence of external factors, the British pound fell by 89 pips yesterday. The lower shadow narrowly missed reaching the target level of 1.3220. The Marlin oscillator exited.
GBP/USD Analysis – October 1: The Pound Remains Unfazed
The wave pattern for GBP/USD remains quite complex and continues to take on an increasingly extended form. At one point, the wave structure looked quite convincing and suggested a downward.
GBP/USD: Simple Trading Tips for Beginner Traders on October 1 (U.S. Session)
The 1.3360 level was tested when the MACD indicator had just started moving down from the zero line, confirming a valid entry point for selling the pound. As a result.
EUR/USD: Trading Plan for the U.S. Session on October 1 (Review of Morning Trades). The Euro Continues to Decline
In my morning forecast, I focused on the 1.1116 level and planned to base my market entry decisions on it. Let's take a look at the 5-minute chart and analyze.
GBP/JPY. Review and Forecast
Today, the GBP/JPY pair is attracting some intraday sellers amid increasing selling pressure on the British pound against the U.S. dollar. Currently, spot prices are trading slightly below the 192.00.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.