4 Global Market Updates- 7 December, 2022

 

In this article, we have covered the highlights of global market news about the GBP/USD, AUD/USD, USD/JPY and NZD/USD.

GBP/USD Price Analysis: During a three-day decline, sellers hit the 1.2100 support.

The key support level of 1.2100 is the focus of the GBP/USD bears’ fight as early Wednesday morning in London approaches. As a result, the Cable pair declines for the third day.

However, the MACD indicator’s impending bear cross suggests that the quotation might decline lower. The 200-DMA and an upward-sloping trend line from November 10 prevent the quotation from falling further at this time.

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