Forex Daily Forecast, Analysis and Prediction

The British Pound has rallied a bit in the early hours of Monday, as we continue to see a lot of noisy behavior, but I also recognize that this is a market that is paying close attention to multiple things at the same time. Keep in mind that the British Pound against the Japanese yen is considered to be a risk sensitive currency pair as the British pound offers more in the way of interest rates and swap than the Japanese yen, which of course has been the victim of the carry trade for years. However, the bank of Japan now is suggesting that they are going to raise interest rates to 0.75% by the end of the year

The British pound has been all over the place during the trading session on Monday against the Swiss Franc, which makes a certain amount of sense because quite frankly, nobody really knows what they want to do with risk appetite

The GBP/USD pair continued rising this week and reached a high of 1.2637, its highest level since December 19. It has rebounded and crossed key resistance levels as the US dollar index (DXY) retreat gains steam.

USD holds support at 1.4180 vs CAD. A move above the 50-day EMA may target 1.43; below 1.4150 could prompt further falls.

The EUR/USD exchange rate was unchanged after the latest European inflation data and the weekend German election. The pair was trading at 1.0480, a crucial resistance level, ahead of the upcoming US consumer confidence data. It has risen by 3% from its lowest level this year.

The BTC/USD exchange rate remained under pressure on Tuesday morning as concerns about tariffs and the upcoming tariffs from the United States rose.

USD/JPY is testing support at 1.4850 amid high US vs. BOJ rates. A break above Friday's candle could push it to ¥152.

NASDAQ 100 sits at its 50 Day EMA; despite a double top, bullish sentiment may push it toward 22K.

Gold's uptrend persists with buyers snapping dips near $2800-$2900, setting sights on the pivotal $3000 level.

Bitcoin remains in a tight range near $90K, with support and resistance levels setting the stage for a possible breakout.

The XRP price action has printed a bull flag in the daily chart timeframe, suggesting a strong upward trajectory. Its daily trading volume has further skyrocketed 71% to $$4.01 billion, indicating heightened market activity.

The Turkish lira extends its downward trend, with USD/TRY hitting new highs, despite President Erdoğan's optimism about economic growth and foreign investments.

EUR/USD faces resistance below 1.0500 as investor risk aversion strengthens the US dollar, with traders eyeing German elections and key US data releases.

USD/JPY extended its decline below 150 as BOJ policy signals strengthened the yen, with traders eyeing upcoming US economic data for further direction.

GBP/USD remains in an uptrend after reaching a two-month high, but overbought conditions and UK economic concerns could trigger a pullback.