It Reaches the Low of 1.1621 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 reaches the low of 1.615. The bears broke below the current support at level 1.1759 and continued the downward move. The pair has reached […]
The Unite States’ dollar index corrected from the monthly height downwards by 0.08% to around 108.87. Going by this, the USD measures against the six main currencies monitors the United States Treasury yield. Furthermore, the standard ten years bond declined by 2 bps, falling to 3.02%. It is important to note that the dollar index […]
San Francisco’s Federal Reserve President (Mary Daly), remarked that: saying inflation has been defeated is premature. Subsequently, she approved a 50 or 75 basis point rate increase for next month’s (September) gathering. Mary Daly included that main inflation keeps rising and the market does not understand this. However, she said consumers know fully well that […]
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 resumed a downward move as it faces rejection at 1.2300. On two occasions buyers have retested level 1.2300 resistance zone but were repelled. On August 10 retest, the pair was resisted as Pound commenced selling […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BullishGBP/USD is in an upward correction as it faces rejection at level 1.2300. Since July 27, the currency pair has been trading between the moving average lines. Buyers could not keep the price above the resistance at […]
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 downward correction as it targets level 1.2053 low. The price breaks above the 21-day line SMA but failed to break the 50-day line SMA. The pair is fluctuating between the moving average lines. […]
GBP/USD went into a phase of ranging during the European session on Today. This started following it’s attaining its highest value in one month, a value of 1.2191 during the early hours of today. However, the predominant cautious feeling in the market is restricting the uptrend of the pair. Consequently, this is because investors are […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BullishGBP/USD is in an upward correction as it reaches the overbought region at level 1.2167. In the meantime, the Pound is trading between the moving average lines but approaches the 50-day line SMA. A break above the […]
GBP/USD has experienced a smooth recovery beyond the 1.1800 price level today. Yesterday the pair was afflicted by massive losses. Nevertheless, buyers and sellers are anticipating important large-scale economic data publication from the United States. Eventually, this will subject the USD to selling forces, if the likelihood of a 100 bps rate increase in this […]
