Bulls remain vigilant above the 17.00 mark

USD/TRY trades close to 2022 highs near 17.40. Turkey Capacity Utilization dropped to 77.6%. Türkiye Manufacturing Confidence deteriorate in June. The Turkish currency extends its march south for yet another session and keeps USD/TRY bid near the area of ​​YTD peaks above 17.30 on Friday. USD/TRY now focuses on inflation USD/TRY navigates the third consecutive … Read more

Bearish bias remains intact below 0.8600

EUR/GBP pares recent losses while bouncing off key Fibonacci retracement level. 200-HMA, previous support challenge buyers, bears eye fresh weekly low. Downbeat RSI, sustained break of short-term triangle keep sellers hopeful. EUR/GBP picks up bids to 0.8590 while consolidating the biggest daily loss in a week during Friday’s Asian session. In doing so, the cross-currency … Read more

Remains firm at around 165.40, in a mixed market mood

The GBP/JPY stays positive in the week, gaining 0.42%. A fragile sentiment triggered by recession fears might send the pair tumbling and erase the pound’s weekly gains. GBP/JPY Price Analysis: Upward biased in the medium term, but the short term is consolidating and might fall if sellers step in and could dive towards 164.00. The … Read more

Pierces 200-HMA as BOJ leaves monetary policy unchanged

GBP/JPY prints three-day uptrend despite the latest pullback from intraday high. Immediate support line, bullish MACD signals and BOJ’s inaction together help buyers. Sellers have a bumpy road to travel before taking control. GBP/JPY reverses the knee-jerk reaction to the Bank of Japan’s (BOJ) monetary policy meeting while staying firmer around 164.60 during Friday’s Asian … Read more

Falls to weekly lows but soars towards 139.50s on risk-off mood

The euro recovered some ground vs. the Japanese yen amidst the scenario of Japanese authorities intervening in the FX markets. EUR/JPY Price Analysis: The bounce at weekly lows might open the door for a re-test of 142.00. The EUR/JPY is paring some of Thursday’s losses as the Asian session begins and is posting decent gains … Read more

Steady above 163.00 amidst a positive sentiment, a bearish flag looms

The GBP/JPY trims weekly losses though prevails down, losing 1.34%. The cross-currency is trading near the top of a bearish flag. GBP/JPY upward break above the bearish flag might send the cross towards 164.00. The GBP/JPY is recovering some ground, following a 700 pip drop from YTD highs around 168.70s towards 161.30s, courtesy of constant … Read more