search

An incredible cashback rate!
40% of the spread!

Join Now

Will the pound, which has fallen against the U.S. dollar, recover? All eyes are on its direction.

Market Report

  1. homeHOME
  2. Market Report
  3. Will the pound, which has fallen against the U.S. dollar, recover? All eyes are on its direction.

Will the pound, which has fallen against the U.S. dollar, recover? All eyes are on its direction.

05.02.2026

Today's Highlights
  1. UK: BOE Policy Rate and Statement Announcement
  2. Europe: ECB Policy Rate and Statement Release

In yesterday’s U.S. currency trading, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1838 to 1.1790. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, the pair is pulling back as it faces resistance at the 20-period moving average (MA), and on the daily chart, it is currently teetering on the brink of breaking below the 20-period MA, which had previously served as support. Furthermore, as the pair has continued to test lower levels during today’s Asian session, traders should be on guard for a potential weakening of the euro during the European session.

Among European currencies, the pound fell against the U.S. dollar ahead of today’s Bank of England policy rate announcement. The GBP/USD pair fell from 1.3733 to 1.3642.On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price continues to decline just below the 75-period MA, and on the daily chart, it has already fallen to around the midpoint of last month’s gains. The price has broken below the 10-period MA—which had been acting as support—with a real body candle.

Today’s economic indicators include remarks by U.S. Federal Reserve Governor Cook at 8:30, Australia’s trade balance at 9:30, Germany’s manufacturing orders at 16:00, and France’sIndustrial Production, and the French Manufacturing Production Index; at 18:30, the UK Construction PMI; at 19:00, Eurozone Retail Sales; at 21:00, the UKBOE policy rate and statement, 21:30 UK: BOE Governor Bailey’s press conference and U.S. Challenger planned layoffs, 22:15 Eurozone: ECB policy rate and statement, 22:30 U.S.: Initial jobless claims, 22:45 Eurozone:ECB President Lagarde’s press conference at 24:00, U.S. JOLTS Job Openings at 24:30, U.S. weekly natural gas inventories at 26:40, and remarks by BOC Governor McClem at 26:40. We will be closely watching for signs of a potential recovery in the pound, which has been falling against the U.S. dollar.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Will the Canadian dollar/yen pair continue to hit new highs? Keep a close eye on price movements during U.S. trading hours.

Next Article

Will the U.S. dollar, which has been firming in U.S. trading hours, continue to rise, or should we wait and see which direction it takes?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings