Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it battles resistance at level 1.2600. The Pound is above the 21-day line SMA but below the 50-day line SMA indicating a possible range-bound move between the moving averages. On the upside, if price […]
The pair stays stronger near a two weeks high, by elongating last week’s change in direction. This is coming at a time when British policymaker seems optimistic about subduing economic difficulty caused by inflation. Another factor keeping the GBP/USD traders optimistic is the USD weakness amidst a boring beginning of the week. The pair sold […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend but may face rejection at 1.2540. Also, the uptrend is likely to face rejection at the 21-day line SMA. In other words, the pair will face resistance at level 1.2614. On April 28 price action, […]
GBP/USD takes lower support around 1.2340, as direction reversal which was noticed – three days ago diminishes. This diminishing occurred during new challenges to feeling early this morning in Europe. Another factor affecting the GBP/USD is the anxieties: coming from Brexit talks; lately about NIP: Northern Ireland Protocol. Market mood turned sour following China’s announcement […]
GBP/USD shakes off recent losses near its lowest price since the 6th month in 2020, moving up by 0.13 percent in 1-day around 1.2330 price level during the early hours of today (Wednesday). By doing this the pair records its 1st profits in 5 days as market moods combine amidst pre- CPI (Consumer Price Index) […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as the pair targets level 1.2594. The currency pair has declined significantly to the bottom of the chart. The pound is now trading in the oversold region of the market. Today, it has fallen to […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is still in a downward move as it faces rejection at level 1.3150. On April 14, the pair faced rejection at level 1.3143 indicating further downward movement of the pair. Meanwhile, on March 13 downtrend; a retraced candle body […]
GBP/USD fell by 0.22 percent, which means that the pair dipped from 1.3064 price level to 1.3025 price level. The US Dollar particularly became more valuable during this festival period (Easter Monday), and with lots of catalysts such as economic data, Central Bank feelings, and the ongoing Russia-Ukraine struggle. At the same time, traders and […]
GBP/USD is bought and sold close to 1.3110 which is the day’s high because the USD dipped. The pound also performed poorly, as it returned to near 1.3100, notwithstanding, the pound versus the dollar (GBP/USD) performed better during the Asian market before the European session because Asia shares joined a worldwide upward movement yesterday (Wednesday). […]
