
GBP/JPY Surges Post-BOE: Bullish Momentum Builds
May 08, 2025 12:51 pm UTC| Technicals
GBP/JPYjumped sharply after the BOE rate cut. It hits an intraday high of 193.10 and is currently trading around 192.81. Intraday trend is bullish as long as support 190 holds. The Bank of Englands Monetary Policy...

FxWirePro: GBP/USD gains after BoE delivers widely expected rate cut
May 08, 2025 11:29 am UTC| Technicals
GBP/USD advanced on Wednesday after the Bank of England implemented a widely expected interest rate cut. The BoE cut its main rate by 25 basis points to 4.25%, despite an unexpected three-way split among policymakers,...

FxWirePro- Major European Indices
May 08, 2025 11:26 am UTC| Technicals
Germany DAX - 23428 (0.88%) Major resistance- 24000 Near-term resistance 23500/23800/24000. Minor support - 23080/22900/22780/22500/22300/22000/21700/21400. Trend reversal level- 17000 The...
FxWirePro- Major Pair market sentiment (CCI-ADX-EMA setup)(US Session)
May 08, 2025 11:12 am UTC| Technicals
4-Hour 8-hour Major resistance Major Support Trend...

FxWirePro:USD/CNY uptrend gains momentum but hurdles ahead
May 08, 2025 10:24 am UTC| Technicals
USD/CNY strengthened on Thursday as the Chinese yuan weakened as investors assessed the direction of U.S.-China trade negotiations. U.S. Treasury Secretary Scott Bessent will meet Chinas top economic official on May 10...

FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
May 08, 2025 10:15 am UTC| Technicals
The USD/ZAR initially gained but gave up ground as investors reacted to mixed signals from U.S.-China trade talks. U.S. President Trump said Beijing initiated the upcoming high-level trade talks but insisted on keeping...