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Day: April 10, 2020
April 102020
Pound Inches Higher on Good Friday as Markets Remain Closed
The pound today inched higher against the US dollar as most global equity markets remained closed due to the Good Friday holiday celebrations. The GBP/USD currency pair posted gains as investors celebrated the fact that Boris Johnson, the UK Prime Minister, was out of the intensive care unit. The GBP/USD currency pair today rallied from a low of 1.2444 in the Asian session to a high of 1.2486 in the mid-London session and was near these highs […]
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April 102020
Bears Taking Control from 108.85 on USD/JPY
The US dollar versus the Japanese yen currency pair may have failed to win the bulls, after all? Long-term perspective The appreciation that started after the confirmation of the 101.18 monthly support reached the 111.70 high. After that, a sharp decline almost touched the 106.79 support level, and then rallied again. But the price was not able to sustain the gains above the 108.85 level. In this case, the bears are expected to keep […]
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