Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it holds above 1.0356. The currency pair corrected upward and broke above the 21-day line SMA but failed to breach the 50-day line SMA. The pair could have resumed an uptrend […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD has continued its downward move as sellers attempt to reach level 1.0947. The Pound corrected upward and broke above the 21-day line SMA but failed to break above the 50-day line SMA. Sellers have resumed selling […]
The British pound (GBP) recorded a decent bounce against the US Dollar (USD) on Monday after the UK government backtracked on plans to slash its income tax by the highest percentage in its history. The dollar also lost ground against most of its counterparts during the first trading session in October. Sterling jumped to its […]
The GBP/USD pair is retreated from its seven days height during the early European Session. The Pound bull evaluated the United Kingdom’s decision to retract scrapping higher income tax rate cut. The ever-increasing energy problems have had a negatively affected the sentiments of families in the United Kingdom. Besides that, leaping price forces, poor […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in an upward correction as it struggles below level 1.1203 . The upward correction is approaching the 21-day line SMA. The 21-day line SMA has been acting as resistance to the price bars. A break […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it declines to level 1.0966. On September 12, buyers failed to keep the price above the 21-day line SMA. This resulted in a further downward move. Meanwhile, on September 7 downtrend, […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it faces rejection at level 1.1738. On September 5, the Pound declined above level 1.1443 and resumed consolidation above it. On September 9, the pair makes an upward correction but was […]
GBP/USD peels in-day losses near 1.1600 before the publication of important data today (Monday). To do this, GBP/USD strives to protect buyers during anxieties that the current inactivity in the United Kingdom may combine with recession anxieties in the country. The British calendar for economic activities is prepared to entertain the buyers and sellers of […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it targets level 1.1196 low. Since May 4, the Pound has been making a series of lower highs and lower lows. The current selling pressure resumes as sellers break below the […]
