The GBP/JPY struggled to find its footing during Thursday's trading session, as the market remained choppy and indecisive.
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 AUD/USD bounced during Thursday's trading session, with the 0.66 level offering support previously.
The USD/JPY was negatively affected by fears about the future of the US banking system.
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The GBP/USD is rising again as global equity markets recover with potential for a push to 1.25 resistance if Thursday's US GDP reading disappoints.
During trading in the middle of this week, the price of the euro currency pair moved against the dollar, EUR/USD, towards the 1.1095 resistance level, the highest for the most famous currency pair in the forex market in a year.
The realization is growing that more ominous clouds are gathering over the US economy, causing new anxiety for investors.
The price of the Turkish lira has stabilized against the US dollar, near its lowest level ever, during early trading on Wednesday morning.
Speculators who are pursuing the USD/TRY are certainly being entertained.
Bearish speculators of the USD/CAD who have been wagering on downside momentum to develop and remain consistent have likely been hurt the past two weeks of trading.
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The AUD/USD pair continued falling on Thursday as traders reacted to Australia’s inflation numbers.
The USD/JPY initially fell during the trading session on Wednesday, but it found plenty of support, forming a hammer that indicates a bullish sign.
Natural gas markets fell again during the trading session on Wednesday as negative sentiment continues to drive prices down.
The demand for gold has once again shown strength in the trading session on Wednesday, as investors continue to flock towards the precious metal for wealth preservation amidst an anticipated global slowdown.
The GBP/USD pair has been in a tight range in the past few days.
The WTI Crude Oil market was volatile during Wednesday's trading session, attempting to rally before losing its gains and struggling with resistance from the 50-Day EMA.