GBPUSD
The pair is consolidating prior to the Britain's Central Bank decision on monetary policy. The market expects the rates to be lowered to 0.25% as well as expansion of stimulus measures. If the rates are lowered, but stimulus not expanded, it can provide British Pound with additional support. The …
EURUSD
The pair is still consolidating in the 1.1020-1.1160-65 range. It is due to the absence of clear signals that would provide the price with additional support nor pressure it because of the unclear situation arount the US interest rates and ECB soft monetary policy.
The price is lower than …
USDJPY
The pair couldn't breach the resistance level of 103.40-50 and will most likely turn down amid the blurry future of the Fed's interest rates hike this year.
The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is coming out from the overbought zone. …
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