| The USDCHF breaks below its 200 day moving average and 38.2% retracement of the move up from the December 2023 low |
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Yen on the edge | GBPJPY market dynamics | Market Outlook with Exness
2024-05-23
By: Stanislav Bernukhov
In this week’s Exness Market Outlook we dissect the GBPJPY’s precarious stance on the forex ice. Are we on the verge of a Yen resurgence? Our analysis takes a deep look at the latest technical signals, including the intriguing story the RSI Indicator is telling about possible oversold conditions.
With Japanese bond yields nearing a crucial 1% mark, we explore the implications for carry trades and how this could bolster the Yen against its peers. Could this spell trouble for the British pound’s recent rally?
The GBPJPY pairing could be facing a chilling pullback, but what levels should traders keep an eye on? Our straightforward breakdown helps you understand the dynamics.
Stay ahead of the curve as we highlight key events including the impending FOMC minutes
USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
2024-05-17
What next for the pair as the week works toward the close
Tags: Featured,newsletter
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