In light of a holiday in most markets, quiet or almost non-existent movements are expected for the price path of the GBP/USD currency pair.
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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Since touching a high of 18.00000 on last Tuesday, the USD/MXN has broken away from many other major currency pairs and actually been able to trigger its long-term bearish trend again.
The value of the USD/ZAR as of this writing is nearly 19.67000 this morning.
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The USD/JPY began Friday's trading session with a decline but quickly found support, attracting eager traders looking to join the upward momentum.
The S&P 500 experienced a modest rally during Friday's trading session, again challenging the tight range that has characterized recent market activity.
The NASDAQ 100 shot straight up in the air on Friday, as we have now broken above the psychologically important 14,000 level.
The EUR/USD experienced some gains during Friday's trading session, only to face selling pressure later in the day.
The GBP/USD exhibited some signs of a rally during Friday's trading session, but the market remained plagued by volatile and unpredictable behavior.
The EUR/USD exchange rate retreated on Monday morning as the market reflected on the debt ceiling progress in the United States.
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The BTC/USD pair drifted upwards during the weekend after it dropped to a low of 25,917 during the weekend.
The AUD/USD pair continued falling after the relatively strong US PCE data and the positive outlook on the debt ceiling issue.
Silver demonstrated resilience on Friday as it bounced back, indicating underlying strength and the presence of eager buyers.
The gold market witnessed a hesitant trading session on Friday, initially attempting to rally before succumbing to the pressures of higher rates in the bond markets and the strengthening US dollar.
The West Texas Intermediate (WTI) crude oil and Brent markets have displayed signs of resilience, recovering slightly after a recent sell-off.
The GBP/JPY demonstrated strength during early Friday trading, surpassing the ¥173 level.