The GBP/JPY ended Tuesday’s session unchanged at 215.17 as buyers remained reluctant to test the 50-day Simple Moving Average (SMA) at 215.43, seen as the first resistance level on its way to re-test yearly peaked at around 219.61.GBP/JPY Price Forcast: Technical outlookPrice action suggests the GBP/JPY is facing key resistance…
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See AllThe single currency registers minimal losses against the Greenback on Tuesday as traders and market participants prepare for the release of the US Consumer Price Index (CPI) on Wednesday, which could set the path for the future of US monetary policy. The EUR/USD trades at 1.1541, staying below the 100-day Simple Moving Average (SMA) of 1.1567.EUR/USD holds near 1.1540 as traders await US inflation data while Middle East tensions lift crude pricesMarket participants continued to…
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