Technical My Tips

🅰🔠🔡🆎 ➡➡ Pound under pressure: can GBPUSD find support? The pound is trading around 1.3536, struggling to recover after a recent drop. Find out more in our analysts' insights 💙 🪙 Key takeaways

• Events. GBPUSD declined and is now attempting to stabilise near 1.3536, while the dollar remains firm. Market uncertainty continues to limit any strong recovery in the pound. • Background. Ongoing tensions between the U.S. and Iran, along with uncertainty around the Strait of Hormuz, are boosting demand for the dollar as a safe-haven 🚀 Rising oil prices are also increasing inflation concerns, making central banks less likely to ease policy, which adds pressure on the pound. • Possible outcome. In the short term, GBPUSD may remain under pressure unless sentiment improves. Future movement will depend on geopolitical developments, dollar strength, and signals from the upcoming Bank of England meeting.

🪙 Tip for traders Watch how GBPUSD reacts around current levels. Monitor news around geopolitics and central bank decisions. These factors can quickly shift market sentiment and drive sharper price moves. Sign Up Now 💥 https://bit.ly/attocta

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🅰🔠🔡🆎 ➡➡ USDJPY on the rise. Can the yen recover? USDJPY is holding steady near 159.2, with the Japanese yen weakening for a second session. Markets await the Bank of Japan's (BoJ) upcoming meeting. Discover in our breakdown how it could influence your trading 💙 🪙 Key takeaways

• Events. Japan's export data remains strong, with exports rising 11.7% in March, driven by demand for AI-related goods 🚀 However, the country's trade balance fell short of expectations, as higher energy costs and increased imports pressured Japan's external position. • Background. The yen's weakness comes partly from expectations that the BoJ may signal a shift towards tighter policy in June. Additionally, rising global energy prices and geopolitical uncertainty have strengthened the dollar, putting pressure on the yen 📊 • Possible outcome. In the short term, USDJPY could remain elevated as the yen continues to face pressure from both domestic and external factors. Any signs of policy changes from the BoJ or shifts in global energy and geopolitical conditions could drive further movement.

🪙 Tip for traders Monitor BoJ's comments on possible policy normalisation. Shifts in global energy prices and geopolitical news could also influence USDJPY in the near term. Watch key support and resistance levels for trading opportunities. Sign Up Now 💥 https://bit.ly/attocta

Boeing on the runway? 🛫 The price broke above $225 after completing a bullish bat pattern. 🔎 Key area to watch: $230. ✔️ A move above may signal continued upward momentum toward 250. ✔️ A rejection could see price pull back toward 190. Watch how the price reacts here.

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After retesting the lower bound of the ascending channel, price moved back above 2200 and both EMAs. The EMAs are converging, pointing to a possible shift in momentum. A move above 2600 near the upper channel boundary could open the way toward 3050. On the downside, a break below 2200 and the EMAs may bring the lower channel support near 1936 back into play. Would you buy or sell? Share your view in the comments.

🅰🔠🔡🆎 ➡🥇➡ Gold slips below $4,800. Is more downside ahead? Details below Gold has dropped below the key $4,800 level, signalling growing market pressure. Could this be the start of a deeper decline? Find out in our report 💙 🪙 Key takeaways

• Events. Escalating tensions in the Strait of Hormuz pushed oil prices higher, raising inflation concerns. This factor, combined with a slightly stronger dollar, pressured gold 🥇 • Background. Higher inflation increases the chances that central banks will keep interest rates elevated 🚀 The possibility of a tighter policy reduces the appeal of non-yielding assets like XAU. • Possible outcome. If geopolitical risks continue to rise and oil prices stay high, gold may remain under pressure and test lower levels. However, any signs of easing tensions could stabilise prices within the $4,740–$4,800 range.

🪙 Tip for traders Watch oil price movements and central bank expectations. These often move ahead of gold and can give early clues about where the market might head next. Sign Up Now 💥 https://bit.ly/attocta

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