Steadies above 215.00 capped by 50-day SMA

Steadies above 215.00 capped by 50-day SMA

The GBP/JPY remains directionless on Thursday as traders turn cautious about opening fresh directional bets amid intervention fears in the FX markets, which could strengthen the Yen, and after solid UK data. The cross-pair sits at around 215.00, down 0.02%. GBP/JPY Price Forecast: Technical Outlook GBP/JPY faced strong resistance at around the 50-day Simple Moving […]

Two-way trade with key levels watched against US Dollar – OCBC

Two-way trade with key levels watched against US Dollar – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that USD/IDR has rebounded after a near 2% month-to-date pullback, with external factors such as elevated Oil prices and US rates remaining key drivers. They see policy continuity at BI and its focus on IDR stability as supportive for confidence, but stay slightly cautious near term, highlighting […]