The recent gains of the GBP/USD pair, which hit three-week highs at 1.2293, will not last, as the Brexit future grows darker, and expectations grow that Britain will leave the EU without agreement.
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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 EUR/USD attempts for bullish correction did not exceed the 1.1163 resistance level hit early Monday.
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USDJPY: Strong recovery from near-historic low prices
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AUDUSD: Slightly bearish consolidation persists
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Bitcoin: Bulls and bears are evenly balanced
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USDCAD: Consolidation between 1.3251 and 1.3345
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EURUSD: Consolidation likely between 1.1117 and 1.1162
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The Australian dollar went back and forth during the trading session on Friday, as the Chinese levied retaliatory tariffs against the Americans again.
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Bitcoin rallied a bit during the trading session on Friday as we continued to see a bit of a runaway from a fiat currencies in general.
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The Euro rallied quite nicely during the Wall Street trading session on Friday after initially pulling back.
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The British pound initially fell during Friday’s Wall Street session, as the 1.2250 level has offered a bit of resistance in the short term.
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