USD/JPY trades at 159.359 after gaining 41 pips from Monday's open, with Tokyo inflation data and US GDP the key tests ahead.
The pound closed Wednesday at 1.34503, down 303 pips from Monday's 1.34806 open. Price peaked at 1.35087 on Monday before sliding to a three-day low of 1.34342 on Tuesday.
Dollar strength has dominated the first half of the week, with broader greenback bids pushing cable through multiple support levels. Tuesday's 413-pip range marked the sharpest intraday move, as the pair broke below 1.3450 support before recovering slightly into Wednesday's quieter session.
With no high-impact UK or US data scheduled for Thursday or Friday, price action will likely track broader dollar flows and risk sentiment. If the dollar maintains its bid and 1.3450 fails, the next obvious support sits at 1.3430. A recovery above 1.3480 would put Tuesday's 1.34965 high back in view.
Current positioning shows 50.3% long versus 49.7% short as of Wednesday morning. This near-even split suggests traders lack conviction after Tuesday's sharp decline, with neither bulls nor bears commanding a clear majority.
The 1.3450 round figure is the pivot right now, sitting just above Tuesday's 1.34342 low. If this level holds through Thursday, it validates as support. A clean break lower opens the door to 1.3430 and potentially 1.3400. Meanwhile, resistance at 1.3480 caps any recovery attempts.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
EUR/USD sits at 1.16379 after grinding sideways for three days, with positioning nearly balanced at 51.6% long.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
Die inligting op hierdie webwerf stel nie 'n aanbod of uitnodiging voor om aan enige beleggings- of handelsaktiwiteit deel te neem in enige jurisdiksie waar sodanige aktiwiteit in stryd sou wees met plaaslike wet of regulasie nie, en moet ook nie so vertolk of verstaan word nie.
LHFX verskaf nie dienste aan burgers en inwoners van die Verenigde State of enige land waar sodanige verspreiding of gebruik strydig sou wees met plaaslike wet of regulasie nie.
RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.
