GBP/USD Price Analysis: Bulls have the upper hand, ascending channel breakout in play – by hareshmenghani GBPUSD Fed BOE Technical Analysis Currencies
AUD/USD is keeping its retreat intact below 0.6850 after a mixed Chinese data dump in Asia on Monday. The Aussie pair stays defensive after reversing from a one-month high, as investors digest China's activity data amid a broad US Dollar rebound at the start of a new week. EUR/USD is holding lower ground below 1.1250, extending the pullback from the highest levels since February 2022 during the mid-Asian session on Monday.
Bets that the Fed will soon end its rate-hiking cycle to help limit corrective decline.Bitcoin has been stuck trading in a small range for more than three weeks, causing Ethereum and other altcoins to follow its lead. While XRP’s decision provided a respite, it was all but temporary. As the dust settled, most of the cryptocurrencies that pumped due to the SEC vs. Ripple lawsuit’s decision retraced due to profit-taking.Hold on to your hats things are about to get wild.
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