Since the middle of last week's trading, the price of the GBP/USD currency pair has been trying to rebound higher with gains that reached the resistance level of 1.2261.
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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Gold markets experienced a dose of turbulence during Friday's trading session, initially slipping before displaying signs of resilience amidst ongoing market volatility.
Crude oil markets demonstrated a degree of stability during Friday's trading session, hinting at a possible respite from the recent selling pressure.
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The GBP/JPY has emerged as a standout performer against the Japanese yen, with the yen facing consistent selling pressure.
The US Dollar gains ended which helped to revive the price of gold
The US dollar rose alongside Treasury yields and stock markets fell after the US reported a surprisingly strong September jobs report.
The GBP/USD experienced a turbulent trading session on Friday, initially declining and further reacting to the Non-Farm Payroll announcement.
The USD/ZAR has come off its high-water marks hit on Thursday and Friday of last week, but the currency pair remains within the upper elements of its mid-term price range.
The USD/MXN powered higher last week and has hit values not seen since late March of this year, leaving the door open for speculators to wager on direction.
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The USD/JPY experienced a significant rally during Friday's trading session, largely propelled by the prevailing interest rate dynamics in the financial markets.
The S&P 500 embarked on a turbulent trading session, initially attempting a rally, only to face a significant decline that pushed it below the 200-Day Exponential Moving Average.
Natural gas markets have maintained their upward momentum, recording another rally during Friday's trading session.
The EUR/USD started on Friday with an attempt to rally, only to falter, revealing signs of vulnerability yet again.
The AUD/USD experienced a roller-coaster ride during Friday's trading session, leaving investors puzzled about its future trajectory.
The GBP/USD exchange rate has bounced back in the past three days as the recent sell-off takes a breather.