GBP/JPY finds cushion near 181.00 as UK Inflation comes under spotlight – by Sagar_Dua24 GBPJPY BOE BOJ Inflation Employment
The EUR/USD pair struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading band, just above the 1.0900 round-figure mark through the Asian session. The US Dollar builds on its recent bounce from over a one-month low touched last Friday and edges higher for the third successive day.GBP/USD remains defensive near 1.2780 as it struggles to justify the hawkish concerns about the Bank of England ahead of the UK’s inflation data.
Gold price fades two-day-old bearish bias as it recovers from the intraday low amid the full market’s return. Even so, the yellow metal appears indecisive as a whole amid the mixed catalysts surrounding the US Federal Reserve and China, as well as the market’s inaction.Bitcoin's big-picture outlook shows a slow-down in the 2023 rally and a potential reversal. The developments in the RSI and AO indicators reveal a bearish fate seen in 2021 and hints at an incoming crash.
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