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GBPUSD Technical Analysis – Back in rangebound mode

GBPUSD Technical Analysis – Back in rangebound mode

USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The Summary of Economic Projections showed a downward revision to Growth and Core PCE in 2024 while the Unemployment...

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FX option expiries for 9 January 10am New York cut

FX option expiries for 9 January 10am New York cut

There is just one to take note of, as highlighted in bold.That being for USD/JPY at 143.60, which could help to limit downside price action before rolling off later in the day. That being said, the 200-day moving average at 143.35 remains the more critical support...

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USD/JPY inches back towards test of key technical level

USD/JPY inches back towards test of key technical level

The pair looks poised for another drop today after the selling yesterday, down 0.3% to 143.75 currently. Of note, price is starting to move towards a test of the 200-day moving average (blue line) at 143.35 next:USD/JPY daily chartThat puts a clearer range on price...

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ForexLive Asia-Pacific FX news wrap: Yen, equities gain

ForexLive Asia-Pacific FX news wrap: Yen, equities gain

French central bank head, and ECB Governing Council member, Villeroy speaks todayDeutsche Bank downgrade Europe equities to neutral from overweight, stays fullyear bullishSeuz shipping - container carriers have entered agreements with Houthis to avoid attackFederal...

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