DailyBubble News
DailyBubble News

Pullbacks in EUR/USD, GBP/USD and USD/JPY halted, but bulls struggle to maintain momentum – IG

Pullbacks in the EUR/USD, GBP/USD, and USD/JPY pairs have come to a halt, but bulls are finding it difficult to sustain momentum. The recent price action has shown a struggle for buyers to push the prices higher.

In the EUR/USD pair, the pullback has stopped, but the bulls are facing resistance as they try to maintain the upward momentum. Similarly, in the GBP/USD pair, there is a lack of strength from buyers to continue the rally.

The USD/JPY pair has also seen a halt in the pullback, but the bulls are finding it challenging to keep pushing the prices higher.

Overall, while pullbacks have paused in these major currency pairs, the struggle for bulls to maintain momentum is evident. Traders will be closely monitoring the price action to see if buyers can gather enough strength to continue pushing the prices higher.

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