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All Activity
- Past hour
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Gap Up at the Open of the GBP/JPY Pair At the market open today, Monday, October 6th, the GBP/JPY pair experienced a gap up, with the opening price significantly higher than Friday's close. The price opened at 200,584, down from Friday's closing price of 198,743. The gap even crossed the middle band and approached the upper band. On Friday, October 3rd, 2025, GBP/JPY drew a long-bodied bullish candle, ending the previous four days of consecutive declines. The price formed a high of 198,869, a low of 197,743, and a close of 198,714, according to FXOpen's platform. The volatility of the GBP/JPY pair, also nicknamed "The Beast," is driven by the divergence in monetary policy between the Bank of England (BoE) and the Bank of Japan (BoJ), as well as global risk sentiment. Sterling is currently under pressure due to concerns about the budget deficit (public borrowing) and the potential for future BoE interest rate cuts. If the BoE becomes dovish or indicates an interest rate cut, the GBP tends to weaken against other currencies, including the JPY. UK PMI data slowed, labor surveys weakened, and fiscal policy concerns, particularly regarding taxes and spending, gained market attention. Negative sentiment toward the pound could strengthen downside momentum in the GBP/JPY pair if uncertainty arises. The Bank of England (BoE) has been battling inflation with a 2% target for the 2026-2027 period, allowing it to gradually lower interest rates from their high levels. Today's UK economic data calendar includes the release of the S&P Global Construction PMI for September. A stronger-than-expected result could provide temporary support for the GBP, but a weaker result would strengthen the case for a BoE rate cut. The Japanese yen remains a safe-haven currency, and the BoJ's monetary policy remains very dovish with low interest rates. The interest rate gap between GBP and JPY is often a component of carry trades; if GBP weakens or Japan tightens, the pair could come under pressure. The Bank of Japan (BoJ) is expected to be in a very gradual policy tightening phase. After exiting its negative interest rate policy in 2024, market expectations are high for further interest rate hikes in the fourth quarter of 2026, particularly at the BoJ's meeting in late October 2025. Expectations of a BoJ rate hike are strongly supportive of the Japanese yen. The Japanese yen is a safe-haven currency, while the GBP is more sensitive to global risks. If global stock markets rise, investors tend to sell Japanese yen and buy GBP, which can push GBP/JPY up. If tensions or pessimistic sentiment arise, investors tend to seek safe-haven assets, which can strengthen the Japanese yen and push GBP/JPY down. GBPJPY price has recently jumped and is likely to trade around the 200.00 level with key resistance at 201.00 - 201.50, with an intraday range of 199.50- 201.20, with key support at 198.00 and key support at 199.00-199.50.
- Yesterday
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LTCUSD H4 Technical and Fundamental Analysis for 10.06.2025 Time Zone: GMT +3 Time Frame: 4 Hours (H4) Fundamental Analysis: The LTC/USD cryptocurrency pair has been positively influenced by Bitcoin’s recent surge above $125,000, driving optimistic sentiment across the crypto market. Additionally, ongoing speculations around ETF approvals and increased institutional interest provide bullish momentum for Litecoin. However, the crypto sector continues to face regulatory headwinds, particularly with EU watchdogs urging stricter oversight on stablecoins, which could introduce short-term volatility and cautious sentiment among investors. Price Action: The LTCUSD pair on the H4 chart recently exhibited a sharp upward movement and is now facing strong resistance at the upper band of a sideways channel. The pair has successfully broken through the correction resistance line, indicating bullish intent. A retracement towards the 105.00 level would present an ideal buying opportunity, provided support holds. If bullish momentum persists, the upper boundary of the ascending channel serves as the next potential target. Key Technical Indicators: EMA (300): The EMA (300) is significantly below the current price, indicating a potential overextension and signaling a likely near-term correction. RSI (28): The RSI is approaching overbought territory, suggesting limited upward potential in the immediate term and hinting at an impending price retracement. MACD (5,15,5): The MACD is currently bullish, with the MACD line above the signal line, but the histogram’s diminishing bars indicate decreasing bullish momentum. Stochastic (5,3,3): The Stochastic indicator is currently within overbought levels, increasing the probability of short-term corrective movements or sideways consolidation. Support and Resistance: Support: Immediate support is observed at approximately 105.00, coinciding with the recently broken resistance line. Secondary support lies at the lower boundary of the sideways channel. Resistance: Immediate resistance is located at the upper boundary of the current sideways channel, followed by the upper boundary of the ascending channel. Conclusion and Consideration: The LTC-USD H4 chart analysis currently reflects bullish tendencies, underpinned by recent price action and key technical indicators. However, caution is warranted due to signs of weakening bullish momentum indicated by RSI, MACD, and Stochastic indicators. Traders should closely monitor potential retracement levels around 105.00 for buying opportunities and remain vigilant about regulatory developments that could introduce volatility. Disclaimer: The analysis provided for LTC/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on LTCUSD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 10.06.2025
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DOGE: The Calm Before the Storm? 🐕 A look at the DOGE/USDT shows that downward momentum from the recent 0.26511 high has stalled! The price is now 0.25526, with the MA5, MA10, and MA30 all converging tightly. The BOLL are squeezing, signaling a potential volatility breakout is imminent. The Setup: Support: Price is holding above the lower band 0.25492. Decision Point: Are we setting up for a bounce back to 0.26 fueled by meme power, or a dip for a retest of lower support? 🚨 Bulls or Bears? What side are you on for the next big move? My financial advisor told me to get a hobby. I told him I'm staking KGEN for passive income and early feature access that is my hobby! Why work for money when your money can work for you and get you VIP access? Just trying to live my best crypto life. And if you are tired of bots shilling scams? KGEN is literally designed to verify real humans. My DMs might finally be safe from "send me ETH and I'll send you 2x back!" KGeN Protocol, saving us one bot at a time.
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Ethereum is gearing up for what analysts call an “Uptober Rally,” as the world’s second-largest cryptocurrency shows strong technical signals for a major breakout. According to Captain Faibik on X, “$ETH Uptober Rally is about to begin… $6,666 is programmed.” His latest chart suggests Ethereum could be preparing for a surge beyond $6,400 if it breaks out of its descending channel pattern. Meanwhile, attention is also turning to KGEN, which is set to launch on BingX this October 6, 2025 (00:00 UTC). The project is gaining traction for its focus on verified human participation, creating a blockchain space free from AI-driven bots. Built on the KGeN Protocol, KGEN bridges AI, DeFi, and digital identity, ensuring authenticity in every interaction. Holders can stake, vote, and contribute to the network’s growth, making it a true community-powered ecosystem. With Ethereum heating up and KGEN entering the scene, which project do you think will make the biggest impact this month?
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As the world of crypto grows, projects that focus on innovation and transparency are becoming increasingly valuable. KGEN, the native token of the KGeN Protocol, is built on a human-based ecosystem designed to accelerate business growth across various sectors like AI, DeFi, and digital economies. It’s unique role in verifying real human participation sets it apart from the usual AI-driven platforms, offering genuine opportunities for growth. With staking benefits that provide passive income and priority access to campaigns, It is an enticing prospect for any investor. Now that it's set to go live on BingX on October 6, 2025, at 00:00 UTC, it's time to jump in.It's price performance and utility demonstrate the token's potential to scale. Its role in governance, network participation, and staking makes it not just a passive investment, but an active one. Will you seize the opportunity to be part of the KGEN revolution?