The GBP/USD currency pair traded in a narrow range and showed low volatility on Wednesday

The EUR/USD currency pair traded with low volatility and a slight downward corrective bias on Wednesday

The GBP/USD currency pair attempted another downward correction on Wednesday, but it has actually been trading in a sideways channel between 1.3480 and 1.3588 for a week

The EUR/USD currency pair continued its downward corrective movement on Wednesday

The U.S. naval blockade and stalled peace talks continue to sustain a high level of geopolitical risk. Elevated oil prices and the Federal Reserve's forecasts support the U.S. dollar, limiting the growth of EUR/USD.

As I have said many times, freezing the conflict in the Middle East under current conditions is, in practice, the best of the realistic options

The second round of negotiations between Iran and the US has failed to take place for the fifth consecutive day

Last week, reports in the Japanese press indicated that the Bank of Japan is not particularly prepared to raise rates at its April 28 meeting

The EUR/USD rally has gone too far. Stock indices are to blame.

Bullish traders have paused, as they are not confident about peace in the Middle East.