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GBP/JPY Price Analysis: Bulls broke the 211.50 resistance area
The Pound (GBP) trades higher against the Japanese Yen (JPY) for the second consecutive day on Tuesday. Bulls have pushed the pair above the top of last week’s trading range, at the 211.50 area, reaching fresh April highs above 211.65 at the time of writing.
Fxstreet
Tue, Apr 7
GBP/USD Price Forecast: Tests 1.3250 near nine-day EMA barrier
GBP/USD holds its position after registering over 0.25% gains in the previous day, trading around 1.3240 during the early European hours on Tuesday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair moves lower within the descending channel.Fxstreet
Tue, Apr 7
USD/CHF gains ground to near 0.8000 on Fed-SNB policy divergence
The USD/CHF pair gathers strength near 0.7990 during the early European trading hours on Tuesday. The Greenback edges higher against the Swiss Franc (CHF) on a widening monetary policy divergence between the US Federal Reserve (Fed) and the Swiss National Bank (SNB).
Fxstreet
Tue, Apr 7
AUD/JPY holds near 110.50 as BoJ uncertainty weighs on Japanese Yen
AUD/JPY holds ground after posting gains in the previous trading day, hovering around 110.50 during the Asian hours on Tuesday. The currency cross remains in the positive territory as the Japanese Yen (JPY) weakens amid uncertainty surrounding the Bank of Japan’s (BoJ) policy stance.
Fxstreet
Tue, Apr 7
EUR/JPY Price Forecast: Holds steady but maintains bullish bias above 100-day EMA support
The EUR/JPY cross holds steady near 184.35 during the early European session on Tuesday. However, the potential upside for the cross might be limited as ongoing tensions between the United States (US) and Iran could boost a safe-haven currency such as the Japanese Yen (JPY).
Fxstreet
Tue, Apr 7
Pound Sterling weakens as safe-haven demand lifts US Dollar
GBP/USD pares its recent gains from the previous day, trading around 1.3220 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains ground amid increased risk aversion, which could be attributed to the Middle East peace truce uncertainty.Fxstreet
Tue, Apr 7
NZD/USD weakens to near 0.5700 amid Middle East tensions, traders await RBNZ rate decision
The NZD/USD pair attracts some sellers to around 0.5700 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as heightened uncertainty in the Middle East boosts demand for a safe-haven currency.Fxstreet
Tue, Apr 7
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