Tokyo wants to slow its currency’s decline but, so far, the market looks prepared to test its resolve

The Bank of England added one more vote in favour of a rate cut after encouraging news on inflation now opens up the prospect of a rate cut as soon as June

The latest BoE decision will be more about what they say than what they do, and this leaves Sterling-pairs vulnerable.

In this piece, we explore the technical outlook for gold prices, USD/JPY and EUR/USD, analyzing recent market behavior and trends to identify potential trading opportunities.