Happy Monday! Get the key support/resistance levels for popular pairs for this week here:
Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:I make no forecast for the remainder of the month of November, I think markets are too unsettled to look beyond the next few days.would increase in value. The result was nicely profitable:This week, I forecast that the GBP/JPY currency cross is likely to rise in value over the coming week.
Last week was dominated by relative strength in the New Zealand Dollar, and relative weakness in the British Pound.
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