Technical Analysis of Major Currencies - EURUSD, USDJPY & GBPUSD

Thursday, 11 July 2024, 13:22
This post delves into the recent market movements of major currency pairs EURUSD, USDJPY, and GBPUSD following a sharp decline in the USD triggered by weak US CPI data. Key levels and potential trends are examined to provide insights for traders navigating the Forex markets. The analysis aims to help readers understand the current scenario and make informed decisions regarding their trading strategies.
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Technical Analysis of Major Currencies - EURUSD, USDJPY & GBPUSD

Forex Trading Outlook on July 11

Technical Analysis of Major Currencies

This post provides a detailed analysis of the EURUSD, USDJPY, and GBPUSD currency pairs.

  • EURUSD: The impact of recent events on EURUSD is significant, with key levels now in focus.
  • USDJPY: Traders are closely monitoring USDJPY movements following the USD decline post weak US CPI data.
  • GBPUSD: Insight into GBPUSD trends and possible scenarios after recent market fluctuations.

The analysis aims to assist traders in understanding market dynamics and planning their trading strategies effectively based on the current scenario.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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