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3 Feb 2022

GBP/AUD Price Analysis: Bulls take charge and eye a daily extension

GBP/AUD is taking off and the bulls are targeting a daily upside extension.
The 4-hour time frame is offering a robust structure from where the price is breaking out from.

GBP/AUD is making an advance ahead of the Bank of England meeting that will occur in London's trade. nevertheless, the bulls are on board as the price breaks away from the critical 4-hour support structure.

GBP/AUD daily charts

As illustrated, the price made a higher daily high of late and has since pulled back to meet a critical daily support area which has held the test of time this week.

GBP/AUD H4 chart

The bulls are in control on the lower time frames and breaking up following a restest of the 4-hour W-formation's neckline.

Feb 3, 2022

Silver Price Analysis: XAG/USD prints bear flag on 4H, $22.50 is the key

Silver (XAG/USD) refreshes intraday low around $22.60, 0.31% on a day during early Thursday. In doing so, the bright metal portrays daily loss for the

BoJ Dep. Gov. Wakatabe: Japan has yet to see inflation stably, sustainably hit BoJ's 2% target.

The Bank of Japan's Deputy Governor, Masazumi Wakatabe has said hitting a 2% inflation for several months won't be meeting BoJ's price target. Key com