The GBP/USD exchange rate remained in a narrow range as crude oil prices jumped, as the contentious US-Iran ceasefire continued.

The EUR/USD pair settled at the crucial support at the 50-day Exponential Moving Average (EMA) ahead of the upcoming European Central Bank (ECB) .

UOB’s strategists Quek Ser Leang and Lee Sue Ann describe EUR/USD as range-bound after a brief drop to 1.1676 and a flat close near 1.1711.

EURUSD, GBPUSD range bound. Will USDJPY resume uptrend? AUDJPY & EURJPY uptrend stalling. CHF keeps weakening. Dollar Index undecided. US 10-year yields at key resistance, likely to move higher.

The USD/JPY pair struggles to capitalize on the previous day’s goodish rebound from sub-159.00 levels, touched in reaction to the Bank of Japan’s (BoJ) hawkish pause, and oscillates in a range during the Asian session on Wednesday.

The USDCAD pair extended its gains in recent intraday trading, breaking above its EMA50, surpassing the negative pressure. The pair is now attempting to challenge a short-term corrective bearish trend line.

The EURUSD pair is holding onto gains in its recent intraday trading, after rebounding from the 1.1690 support level, which previously acted as a price target, providing positive momentum that helped it recover part of its recent losses and achieve this relative improvement.

The EUR/USD pair consolidates around 1.1700, inside Tuesday’s trading range, during the Asian trading session on Wednesday.

The AUDUSD pair declined during its recent intraday trading, amid emerging negative signals from the relative strength indicators after reaching heavily overbought levels. This pullback appears to be an attempt to build fresh positive momentum that could support a recovery and renewed upside.

The GBPUSD pair is maintaining the gains achieved in its recent intraday trading, following its rebound from the key support level at 1.3480, gaining positive momentum that helped the pair post those gains, supported by emerging positive signals from the relative strength indicators after reaching heavily oversold levels, attempting to get rid of the negative pressure of the EMA50, which could signal a full recovery, especially as the main short-term trend remains bullish.