GBPJPY recently pulled back from its 16-year peak of 208.10, marking its lowest level since May 16. The pair has been on an uptrend since early 2024, but has been undergoing a correction since reaching its recent high. The price has broken below the supportive trendline from January and the 50-day simple moving average, indicating
Muthazhagu
As Wall Street prepares to close a challenging week, focus remains on the Federal Reserve’s preferred gauge of inflation. The market is eagerly awaiting the release of June’s personal consumption expenditures (PCE) price index, with expectations of a 0.1% monthly increase and an annual figure of 2.5%, in close proximity to the Fed’s 2% target.