Foreign Exchange_Forex Market_Forex Trading_Forex Investment - mydayfinance.com
  • Central Bank
    • BOC
    • BOE
    • BOJ
    • ECB
    • FED
    • PBOC
    • RBA
    • UBS
  • Currency
    • AUD
    • CAD
    • CHF
    • CNY
    • EUR
    • GBP
    • INR
    • JPY
    • RUB
    • SGD
    • USD
  • Foreign Exchange Rate
    • AUD exchange rate
    • CAD exchange rate
    • CHF exchange rate
    • EUR exchange rate
    • GBP exchange rate
    • RMB exchange rate
    • YEN exchange rate
  • Knowledge
  • News
No Result
View All Result
  • Central Bank
    • BOC
    • BOE
    • BOJ
    • ECB
    • FED
    • PBOC
    • RBA
    • UBS
  • Currency
    • AUD
    • CAD
    • CHF
    • CNY
    • EUR
    • GBP
    • INR
    • JPY
    • RUB
    • SGD
    • USD
  • Foreign Exchange Rate
    • AUD exchange rate
    • CAD exchange rate
    • CHF exchange rate
    • EUR exchange rate
    • GBP exchange rate
    • RMB exchange rate
    • YEN exchange rate
  • Knowledge
  • News
No Result
View All Result
Foreign Exchange_Forex Market_Forex Trading_Forex Investment - mydayfinance.com
No Result
View All Result
ADVERTISEMENT

GBP/USD Eyes Directional Break Ahead of Key Technical Levels

Elena by Elena
06/05/2025
in News
blank
ADVERTISEMENT

The GBP/USD pair is attempting to maintain its gains from the previous session, trading near 1.3300 during the Asian trading hours on Tuesday. Technical analysis suggests a neutral short-term price momentum, as the pair remains close to the nine-day Exponential Moving Average (EMA).

Despite this, the pair’s position above the 14-day Relative Strength Index (RSI) level of 50 indicates a still-present bullish bias. As the pair consolidates around these levels, further price action will be required to establish a clearer directional trend.

ADVERTISEMENT

The GBP/USD pair faces initial resistance at the nine-day EMA of 1.3303. A successful breakout above this level could signal a shift in momentum, potentially allowing the pair to test the key psychological level of 1.3400. Beyond that, the 1.3445 level—reached on April 28 and the highest since February 2022—could be the next target.

ADVERTISEMENT

On the downside, the pair has initial support around the 50-day EMA at 1.3054. A break below this level could signal a weakening of medium-term momentum, with the pair likely to test its monthly low of 1.2708, recorded on April 7. Additional support is seen at the two-month low of 1.2577, which was reached on March 3.

ADVERTISEMENT

Related Topics:

  • Is Yen Cheaper Than Canadian Dollar?
  • How Much Does It Cost to Buy JPY in Canada?
  • Can I Still Use Old Japanese Yen?
Tags: espitl
Previous Post

EUR/USD Stuck in Range Ahead of Fed’s Key Rate Decision

Next Post

INR Faces Headwinds Ahead of Fed Decision Amid Geopolitical Tensions

Elena

Elena

Elena, a seasoned foreign exchange trader with a proven track record in the dynamic world of currency markets, brings a wealth of expertise and professionalism to the financial realm. With an extensive background spanning over a decade, she has honed her skills in analyzing global economic trends and implementing strategic trading solutions. Known for her meticulous attention to detail and analytical prowess, Elena has navigated through volatile market conditions with finesse, consistently delivering impressive results for her clients. Her comprehensive understanding of macroeconomic indicators, coupled with a keen awareness of geopolitical events, allows her to make informed decisions that optimize trading portfolios. Elena's commitment to staying ahead of the curve is evident in her continuous pursuit of knowledge and mastery of cutting-edge trading technologies. Her disciplined approach to risk management ensures prudent investment strategies, instilling confidence in both colleagues and clients alike.

Related Posts

blank
News

NZD/USD Faces Pressure After New Zealand Budget, USD Weakness Limits Losses

22/05/2025
Consumer Price Index (CPI) : Why is it so important to traders
News

AUD Gains on RBA Rate Cut, Weakening US Dollar Support

22/05/2025
The Canadian dollar fell after the Bank of Canada’s dovish rate hike
News

USD/CAD Extends Decline Amid BoC Inflation Data and Weaker US Dollar

22/05/2025
The European Central Bank raised interest rates again but the euro’s gains were limited
News

EUR/GBP Retreats Amid ECB Dovishness and Strong UK Inflation Data

22/05/2025
The task of the European Central Bank having to raise interest rates as much as possible has become harder
News

EUR/JPY Faces Selling Pressure Near 162.35 Amid BoJ Rate Hike Speculation

22/05/2025
blank
News

JPY Strengthens on Robust Machinery Orders and Safe-Haven Demand

22/05/2025
blank
News

BoJ’s Noguchi Signals Bond Taper Plan Unaffected by Recent Yield Rise

22/05/2025
blank
News

Indian Rupee Weakens Amid Strong PMI Data and US Dollar Demand

22/05/2025
Banxico Likely to Slash Rates Despite Inflation
News

Banxico Likely to Slash Rates Despite Inflation

22/05/2025
Next Post
blank

INR Faces Headwinds Ahead of Fed Decision Amid Geopolitical Tensions

blank

USD/CHF Faces Caution Ahead of FOMC Decision Amid Economic Uncertainty

blank

JPY Shows Modest Strength Amid Geopolitical Tensions and Market Uncertainty

Tags

ALL ARS ats bam Bank of Korea bef bob Central Bank of Canada Central Bank of Russia cop cup dem Digital Currency Digital RMB Dollar Index dop eek energy crisis ern esp etb Fed rate hike financial markets forex trading gel ghs ils IMF inflation inr interest rates irr isk itl kes lak lyd monetary policy mop mro mur myr Raise Interest Rates sek Swiss National Bank

Recent Posts

blank
News

NZD/USD Faces Pressure After New Zealand Budget, USD Weakness Limits Losses

by Elena
22/05/2025

The NZD/USD pair extended its pullback on Thursday, slipping from the recent one-week high around 0.5965-0.5970 to trade near 0.5920...

Consumer Price Index (CPI) : Why is it so important to traders

AUD Gains on RBA Rate Cut, Weakening US Dollar Support

22/05/2025
The Canadian dollar fell after the Bank of Canada’s dovish rate hike

USD/CAD Extends Decline Amid BoC Inflation Data and Weaker US Dollar

22/05/2025
The European Central Bank raised interest rates again but the euro’s gains were limited

EUR/GBP Retreats Amid ECB Dovishness and Strong UK Inflation Data

22/05/2025
The task of the European Central Bank having to raise interest rates as much as possible has become harder

EUR/JPY Faces Selling Pressure Near 162.35 Amid BoJ Rate Hike Speculation

22/05/2025
blank

JPY Strengthens on Robust Machinery Orders and Safe-Haven Demand

22/05/2025
blank

BoJ’s Noguchi Signals Bond Taper Plan Unaffected by Recent Yield Rise

22/05/2025
blank

Indian Rupee Weakens Amid Strong PMI Data and US Dollar Demand

22/05/2025

News

blank

NZD/USD Faces Pressure After New Zealand Budget, USD Weakness Limits Losses

22/05/2025
Consumer Price Index (CPI) : Why is it so important to traders

AUD Gains on RBA Rate Cut, Weakening US Dollar Support

22/05/2025
The Canadian dollar fell after the Bank of Canada’s dovish rate hike

USD/CAD Extends Decline Amid BoC Inflation Data and Weaker US Dollar

22/05/2025
The European Central Bank raised interest rates again but the euro’s gains were limited

EUR/GBP Retreats Amid ECB Dovishness and Strong UK Inflation Data

22/05/2025
The task of the European Central Bank having to raise interest rates as much as possible has become harder

EUR/JPY Faces Selling Pressure Near 162.35 Amid BoJ Rate Hike Speculation

22/05/2025
blank

JPY Strengthens on Robust Machinery Orders and Safe-Haven Demand

22/05/2025
Foreign Exchange_Forex Market_Forex Trading_Forex Investment - mydayfinance.com

MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.【Contact us: [email protected]】

Recent Posts

  • NZD/USD Faces Pressure After New Zealand Budget, USD Weakness Limits Losses 22/05/2025
  • AUD Gains on RBA Rate Cut, Weakening US Dollar Support 22/05/2025
  • USD/CAD Extends Decline Amid BoC Inflation Data and Weaker US Dollar 22/05/2025
  • EUR/GBP Retreats Amid ECB Dovishness and Strong UK Inflation Data 22/05/2025
  • EUR/JPY Faces Selling Pressure Near 162.35 Amid BoJ Rate Hike Speculation 22/05/2025

Tags

ARS ats Bank of Korea bam bef bhd bob Central Bank of Brazil CAD to CNY Central Bank of Canada Central Bank of Russia CHF to CNY cop cup dem Digital Currency Dollar Index dop eek ern esp financial markets forex trading gel ghs

Useful Links

Home

ABOUT US

Disclaimer

Privacy Policy

Article sitemap

Forex Trading Tips

Copyright © 2024 mydayfinance.com

No Result
View All Result
  • Home
  • Central Bank
  • Currency
  • Foreign Exchange Rate
  • News

Copyright © 2024 mydayfinance.com MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.