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GBP/USD currency pair analysis


The pound sterling dollar pair rose during yesterday's session and the beginning of today's trading, and managed to break the resistance level of 1.2340, and reached the next target at the level of 1.2490.

The moving averages support the bullish movement, but we notice that the price moved away from …

Are oil sanctions about to be canceled?


News of the day, Wednesday, May 18

Iran: sanctions over Russian crude export opened the market for Iranian oil.

Goldman Sachs has lowered the Chinese 2022 GDP prognosis from 4.5% to 4%.

Finland’s Rehn suggests ECB will increase the interest rate in the summer.

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Gold analysis


Gold failed to breach the resistance 1827.20, then returned to complete the descending path within the descending channel shown in the chart. And it reached the support level 1810.90 and is trying to breach it, and the target will be the level of 1780.00.

The moving averages formed resistance levels …

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