For the first time in three months, the GBP/USD price is moving towards the 1.2812 resistance, amid a strong retreat of the US dollar against other major currencies.
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 Australian dollar has rallied over the last several months in an almost straight line, but it continues to hang around the 0.70 level, looking for some type of long-term direction.
The recent pressures on the US currency contributed to a stronger bear control on the USD/JPY performance, where its losses reached the 106.93 support at the time of writing.
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A distinctive opportunity for the yellow metal to recover its gains after sharp losses at the end of last week pushed it towards the $1670 support.
The Milan Index, like all of its contemporaries, has performed very well over the past few months.
The US dollar has broken below the ¥107.50 level to reach towards 107 yen level.
During yesterday's trading session, we noticed a strong activity of the EUR/USD price.
AUD/USD: Risk sentiment in question after FOMC release
The S&P 500 initially tried to rally during the trading session on Wednesday but gave back the gains as we started to reach towards the highs of the previous couple of sessions.
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USD/JPY: Longer-term bullish trend in serious doubt
The NASDAQ 100 has rallied again during the trading session on Wednesday, as we have sliced through the 10,000 level.
The British pound has pierced a major resistance during the trading session on Wednesday but has given back quite a bit of the gains in a sign of uncertainty.
The Euro rallied significantly during the trading session on Wednesday, breaking above the 1.14 level at one point.
After touching higher values early this week the Mexican Peso lost some momentum, but importantly it has not shown an ability in the short term to punch through key technical resistance levels and the USD/MXN is still displaying selling pressure at critical moments.
BTC/USD: Price sitting above strongly supportive area