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USD/JPY Faces Challenges as US Economic Data Weakens /
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2024-07-08 10:00:53

USD/JPY Faces Challenges as US Economic Data Weakens on Nostr: GBP/USD Faces Multi-Month Resistance as US Inflation Data and Fed Chair Powell's ...

GBP/USD Faces Multi-Month Resistance as US Inflation Data and Fed Chair Powell's Testimony Awaited
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#a73498e0 ver:0.65

The GBP/USD pair faces resistance at 1.2850 as US inflation data and Fed Chair Powell's testimony loom. Rate cut hopes and weak US economic data have boosted the pound. Traders monitor UK election results and reduced trading activity due to the US holiday. Technical analysis suggests a break above 1.2850 could push towards 1.3000, while support levels are at 1.2750, 1.2680, and 1.2600. #GBPUSD #inflation #Fed #technicalanalysis...

#newstr #Gbp/usd #RateCut #UsInflationData #FedChairPowell #TechnicalAnalysis

https://here.news/story/a73498e0?ver=0.65
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