During Wednesday's trading session, the British pound made an initial attempt to rally against the Japanese yen but encountered resistance near the ¥180 level.
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The British pound experienced a notable decline against the US dollar, as the greenback exhibited signs of strength in the Forex market during the Wednesday session.
The Australian dollar experienced a decline against the US dollar during the early trading hours, ultimately reaching the significant 200-Day EMA level.
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Silver prices underwent a slight drop on Wednesday, retreating from the $25 mark after a recent surge.
The TRY/USD settled near its highest levels ever during early trading on Wednesday morning.
For four consecutive trading sessions, the price of the USD/JPY currency pair has been moving in an upward retracement path, with gains that reached the 139.67 resistance level, which is stable around it at the time of writing the analysis.
In today's morning trading, the price of the sterling fell against the US dollar strongly, with losses that affected the support level at 1.2930.
Since the start of this week's trading, the price of the EUR/USD currency pair maintained the gains of the recent bullish rebound, with gains that reached the 1.1275 resistance level.
Gold futures settled at their highest levels in about six weeks, driven by expectations that the US Federal Reserve is close to ending the cycle of quantitative tightening.
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The NZD/USD has attained near-term lows as of this writing and the price of the currency pair is around the 0.62275 mark.
The USD/BRL ended yesterday’s trading near the 4.8100 mark which is a vicinity the currency pair also traversed last Friday.
My previous BTC/USD signal on 10th July was not triggered as there were no bearish price action when the resistance level at $30,605 was first reached that day.
The GBP/USD exchange rate pulled back even after the US published weak retail sales and industrial production numbers.
The euro was unchanged on Wednesday morning ahead of the upcoming European consumer inflation numbers.
The AUD/USD pair was flat on Wednesday morning ahead of the latest Australian jobs numbers.