The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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An unexpected landslide victory for a party supporting Brexit at any way in the EU election has increased pressure on the GBP/USD, which has raised expectations that Britain could exit the EU without a deal.
The foggy Brexit future along with further Japanese Yen gains, continues to negatively impact the GBP JPY, which fell to the support level at 138.03 at the time of writing, the lowest for more than four months.
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Bitcoin: Still bullish below new 1-year high near $9k
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Breaking below 109 should increase the bearish pressure.
On Wednesday, May 29, 2019, the markets will be interested in the release of economic calendar data.
Buying gold from every bearish level remains the best strategy.
The US Dollar is still the strongest and strong US economy is still supporting US consumer confidence.
On Tuesday, markets and investors in the FX market will focus on reactions from the announcement of US consumer confidence.
The BCT/USD price jumped to the $9000 high.