GBPUSD managed to confuse pair sellers last week by defending a one-month-long falling wedge bullish chart pattern despite declining in the later days.
Gold braces for the second consecutive weekly gain as it confronts the key resistances on the US Nonfarm Payrolls (NFP) day.
EURUSD continues its upward momentum, surpassing the 200-DMA and breaking a two-week descending resistance trendline.
GBPUSD remains on the back foot while justifying a downside break of a 5.5-month-old rising support line and the 100-SMA.
USDJPY again flirts with the 78.6% Fibonacci retracement of the October 2022 to January 2023 downturn within a five-month-long bullish channel.
AUDUSD bears ran out of steam during the sixth week of the downtrend by positing the slimmest losses since mid-July.
EURUSD prepares for the sixth consecutive weekly fall as ECB and Federal Reserve bosses prepare for the annual showdown at the Jackson Hole Symposium.
Gold braces for the first weekly gain in five while bouncing off the multi-month low marked earlier in the week, piercing the 200-DMA of late.
AUDUSD bears take a breather after a five-week downtrend, portraying a falling wedge bullish chart pattern around the yearly low.
GBPUSD gained buyer’s attention after snapping a four-week downtrend the last week.
USDJPY posted a three-week winning streak but ended Thursday on a negative note.
Gold braces for the fourth weekly losses even as a one-month-old falling support line defends intraday buyers.
