The GBP/USD pair attracts heavy intraday selling on Tuesday amid signs of a weakening UK jobs market and stalls a four-day-old recovery move from the vicinity of the 1.3000 psychological mark, or a seven-month low touched last week.
The price has reached a naturally bullish recent inflection zone but is likely to decline to at least $0.6500 is risk sentiment continues to deteriorate today.
Bitcoin’s rally is fading near key resistance as technical signals like a potential death cross and double-top pattern point to a likely pullback toward $100,000.
GBP/USD has rebounded ahead of key UK data, but a looming double-top pattern and resistance at 1.3250 point to a potential pullback toward the 1.30 zone.
The EUR/USD pair faces renewed downside pressure below key resistance, as the Supertrend indicator and weak momentum signal a likely retreat toward 1.1450.
EUR/USD failed to make a decisive move on Monday and closed the day virtually unchanged. The pair remains in a consolidation phase early Tuesday and continues to fluctuate near 1.1550.