4 Global Market Updates- 2 January, 2023

 

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

GBP/USD Price Analysis: The pair breaks a two-day rally as the 200-day EMA tests buyers.

Despite the market’s lack of activity early on Monday, the GBP/USD maintains its intraday low at 1.2070 on the first losing day in three.

In doing so, the Cable pair reverses direction from the 200-day EMA to call back the bears. The negative MACD indications also give the GBP/USD sellers optimism.

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