GBP/USD registered marginal gains for the second consecutive day on Wednesday and stabilized near 1.3500 in the European session on Thursday. The pair’s technical outlook highlights sellers’ hesitancy as key support levels remain intact.
EUR/USD trades in a narrow channel at around 1.1650 after failing to make a decisive move in either direction on Wednesday. In the second half of the day, the US economic calendar will feature data releases that could trigger a short-term reaction.
Gold is replicating the retracement moves seen in Wednesday’s Asian trades, after having faced rejection once again at the $3,400 threshold.
EUR/USD trades sideways with a bearish tilt as Fed independence concerns and political uncertainty weigh, with key support at 1.1560 and resistance at 1.1680–1.1770.
Gold is testing the $3,400 resistance as bullish momentum strengthens, with technicals pointing toward $3,460 and possibly $3,500 if the breakout holds.
USD/MXN is consolidating near 18.65 with strong support at 18.63 as traders await U.S. GDP data that could trigger fresh volatility.