GBPUSD seesaws below 50-SMA after breaking the weekly support line, not to forget to mention the reversal from a three-week-old horizontal hurdle.
On Monday, EURUSD rose past 200-SMA for the first time in a month and formed a bullish channel.
Despite the latest pullback from a 24-year high, the USDJPY remains inside a five-month-old megaphone formation suggesting a further widening of the uptrend.
GBPUSD crosses the monthly bearish channel, also the 50-SMA hurdle, after briefly declining to the lowest levels since 1985.
EURUSD fades bounce off the lowest levels in almost two decades as traders await the European Central Bank’s (ECB) second rate hike.
Gold extends pullback from 50-SMA and the upper line of the 12-day-long descending trend channel as sellers flirt with the $1,695.
AUDUSD bears take a breather after bouncing off a two-month-old horizontal support area, inside a broad bearish channel from early May.
USDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021.
Gold flirts with the $1,700 threshold as it approaches the yearly bottom ahead of the key US Nonfarm Payrolls (NFP) data.
USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998.
Having refreshed the multi-year low the previous week, EURUSD rose during the last two days.
GBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up.