Forex Daily Forecast, Analysis and Prediction

The US dollar rallied a bit during the trading session on Thursday, as the 1.36 level has offered a significant amount of support and resistance over the last several months.

The British pound initially trying to rally during the session in the early hours of Thursday but has turned back around to show signs of hesitation.

Bitcoin has stalled a little bit at the $66,000 level, which is an area that has been important previously.

Gold has pulled back from the crucial $2,400 level during trading on Thursday, which is an area that has been important multiple times.

The USD/TRY pair maintained its limited movements, stabilizing within a descending triangle pattern on the four-hour time frame, as shown in the chart.

The EUR/USD currency pair has risen to a resistance level of 1.0895, the highest level in nearly two months, as expectations of a convergence in monetary policy between the US and Europe grow.

For the second consecutive day, the USD/JPY currency pair is trading under selling pressure, pushing it towards the support level of 153.59 this morning.

Amidst a weakening US dollar, the GBP/USD currency pair surged to a resistance level of 1.2700 this morning, Thursday.

Gold prices surged near the key psychological resistance of $2,400 per ounce (oz) today, trading at their highest level in nearly a month.

The US Dollar has bounced back firmly since Tokyo opened today, after making a low at 103.67.

Asian session sees selloff after bullish move.

The British pound has rallied significantly in the early hours on Wednesday, but now is facing a major resistance barrier against the greenback.

Tuesday’s trading in the USD/PKR produced a low around the 277.9000 ratio briefly.

You can see that we initially pulled back just a bit during the early hours on Wednesday in the British pound against the Swiss franc pair but have also turned around to show signs of life.

The USD/ILS has traded lower and is touching values last seen in early April.