The sell-off at the beginning of yesterday's session pushed the GBP/USD pair towards the 1.2243 support.
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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USD/JPY: More bearish on souring risk sentiment
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The Euro initially fell during trading on Tuesday but then turned around to show signs of support.
As an introduction to the details of the US Labor Department figures on Friday, investors and markets’ attention will be paid to the announcement of the ADP survey reading of US jobs in the non-agricultural sector.
The US dollar has initially tried to rally during the trading session on Tuesday but gave back a huge amount of gains
The Australian dollar initially tried to rally during trading on Tuesday but gave back those gains to fall towards the 0.6050 level.
The S&P 500 initially tried to take off to the upside but gave back the gains on Tuesday as we continue to see a lot of volatility.
The British pound fell initially during the trading session on Tuesday but bounced significantly to turn around and reach towards the 1.25 handle again.
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The NASDAQ 100 initially tried to rally during the trading session on Tuesday but gave back the gains as it approached the 8000 level.
GBP/USD: Pound is relatively strong
EUR/USD: Heading for support at 1.0933
Ethereum collapsed below the psychologically significant $100 support level before recovering in unison with Bitcoin.
Singapore’s central bank, the Monetary Authority of Singapore (MAS), eased monetary policy as expected.
Japan released its first-quarter Tankan Survey, which showed service sector resilience.