At the starting of the Asian session, the GBP/USD currency pair step back from the three weeks high a currently trading at 1.2230 due to rising uncertainty regarding Brexit and Tory Brexiteers warned to Prime Minister Boris Johnson.
On Friday, we may have volatility in the market, especially on the back of Fed Chair Powell Speaks and Jackson Hole Symposium, I will consider staying in a sell position 1.1065 to target 1.1030 and 1.1010.
The GBP/USD currency pair little changed and presently trading at 1.2130 due to all traders intently waiting for clues and details of the United Kingdom Prime Minister Boris Johnson and the President of French meeting.
Consider staying bullish above 1.2070 in GBP/USD with a target of 1.2130 and 1.2180.
U.S. Dollar could increase across the board if the Federal Reserve minutes represent the board members are unwilling easing aggressively.
A little recovery could be associated with the 0.17% increase in the S&P 500 futures. The United States ten-year yield, however still flat near 1.56%.
Consider staying bullish above 106.33 to target 106.800 and 107.450.
On the technical side, the DXY has violated the weekly resistance at 97.72, which has exposed dollar index towards the 98.92 July 29 high as the first port of resistance, closely shadowed by weekly resistance at 99.62.
On the lower side, resistance continues to stay at 98.10 and 98. Bullish channel and series of EMA on 4-hour timeframe as suggesting a bullish...
Today in the early Asian market, the EUR/USD is trading at 1.1087, showing 0.10% gains. but as we now the EUR/USD currency pair hit the bearish track of the 5th straight trading day on Monday despite the upward movement in the German bond yields.