The GBP/USD pair will be affected by important events this week, including the announcement of jobs and wages numbers in Britain, and the testimony of Federal Reserve Chairman Jerome Powell.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The Euro has bounced from the crucial support level based upon an uptrend line and of course the round figure of 1.19 just below.
The British pound has fallen initially during the trading session on Monday only to turn around and show signs of life.
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The Australian dollar has bounced from the uptrend line and therefore it looks as if we are going to the 0.78 level where we have seen a lot of resistance previously.
The Bitcoin market has gone back and forth during the course of the trading session on Monday, to lose roughly 2% by the end of the session.
Gold markets initially fell during the course of the trading session on Monday but turned around to show signs of strength again
The West Texas Intermediate Crude Oil market has initially fallen during the trading session on Monday as traders came back to work.
The German index fell initially during the trading session on Monday as all indices did, only to turn around and show signs of strength again.
The FTSE 100 fell rather hard to kick off the trading session on Monday, reaching down towards the 6600 level just like we did on Friday.
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The S&P 500 rallied a bit on Monday to break above the top of the hammer from the previous session on Friday, suggesting that the 3900 level will retain some important.
The NASDAQ 100 had a very strong trading session on Monday as we have broken back above the 50 day EMA yet again.
The head of the Turkish central bank was relieved of his job responsibilities this weekend and the USD/TRY has spiked higher.
Despite the gains of the US dollar, the price of gold succeeded in moving towards the $1755 resistance level during last week's trading, before closing steadily around $1745.
A retreat for the GBP/USD below the 1.38 level will push the technical indicators to strong oversold levels, and thus may provide opportunities for buying.
By the end of last week's trading, the Japanese yen returned to achieve strong gains against the rest of the other major currencies.