The GBP/USD pair continues with its struggle to gain any meaningful traction and languishes near its lowest level since early June touched on Monday. Spot prices currently trade around the 1.2380-1.2375 region and seem vulnerable to prolonging the recent downward trajectory witnessed over the past two months or so. Firming expectations that the Bank of […]

The EUR/JPY pair gains momentum near 157.40 during the early European session on Friday. Market players await the second-tier economic data release from the Eurozone ahead of the European Central Bank (ECB)’s President Christine Lagarde speech. According to the one-hour chart, EUR/JPY holds below the 50- and 100-hour Exponential Moving Averages (EMAs), which means further downside looks favorable. However, the Relative […]