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GBP/USD is currently testing the 1.2550 hurdle, trading almost flat throughout the day. As long as this level stays intact, the pair could have a difficult time gathering bullish momentum. In case that resistance turns into support, 1.2578 and 1.2610 (psychological level, static level) could be seen as the next recovery targets. On the downside, 1.2500 (psychological level) aligns as support ahead of 1.2421 and 1.2361.
continues to push higher toward $1,860 in the second half of the day on
Thursday. The next key resistance level is seen at $1,862. A firm break above
the latter will call for a retest of the previous week’s high of $1,870. A
breach below $1841(pivot level) might test the next support level of $1833.
The EUR/USD pair hovers around 1.0700, as US employment data had no impact on financial markets. From a technical point of view, chances are skewed to the upside, according to the H30 chart. The pair is trading above a mildly bullish 20 SMA, while technical indicators stand at positive levels, although without directional strength.
*The information presented above is intended for informative and educational purposes, should not be considered as investment advice, or an offer or solicitation for a transaction in any financial instrument and thus should not be treated as such. Past performance is not a reliable indicator of future results.