Check out this week's Pairs in Focus- Forex Forecast
has pulled back a bit during the course of the trading week, basically wiping out all of the gains from the previous one. That being said, we are also sitting near the 200-Week EMA, and I do see a lot of support underneath. My suspicion is that we will see a little bit of follow-through to the downside, but eventually bounce from a trough. However, if we were to break through the 1.2650 level, the British pound will continue to go much lower.
At this point, if we break above the top of the candlestick, then it’s possible that we could go looking to the ¥97.50 level. Underneath, the ¥92.50 level offers support, right along with the 50-Week EMA. All things being equal, is likely that we would see a lot of buying pressure eventually, due to the fact that the Bank of Japan remains ultra-loose with its monetary policy, while the Australian dollar continues to see the Reserve Bank of Australia act hawkish.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British Open: Brian Harman seizes the lead and runs away with itBrian Harman picked a good week to have a good week.
Read more »
15 Pairs of Sandals You Can Walk in All Day Long Without Pain or DiscomfortFret not, fans of open toed shoes: there are plenty of comfortable walking sandals on the market.
Read more »
Kylie Jenner Pairs a Frilly Set With the Perfect Summer BagStraight from one of London's most exciting designers.
Read more »
10 pairs of flattering shorts you'll actually want to wear this summerThe most flattering shorts you'll actually want to wear this summer
Read more »
9 Times Very Unlikely Pairs Of Celebs Had Beef With Each OtherStill reeling from the whole 2022 Noah Schnapp/Doja Cat debacle.
Read more »
Alamodome changes to heighten focus on stadium’s futureAlamodome General Manager Stephen Zito is taking on a new role with the city of San Antonio, moving up the ranks to an assistant director position with its Convention and Sports Facilities Department.
Read more »