The GBP/USD pair started the new week with GBP bulls struggling to hold above 1.3550 as we head into the London open on Monday. That said, the current trading sentiment highlights the renewed dollar strength ahead of some key preliminary PMI data releases for January in both the UK and US. Meanwhile, the uncertainty trailing […]
As the US dollar took a break on Wednesday after Tuesday’s profits, GBP/USD has bounced back to over 1.3600. The pound stayed undisturbed by diplomatic incertitude, however did get some assistance from boiling inflation numbers that increased BoE calls. The Causes and Effects Despite increasing diplomatic incertitude as momentum grows in the direction of […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is trading above the 21-day SMA and below the 50-day SMA but pauses above Level 1.3581. This indicates that the currency pair will be in a range-bound move. The Pound will resume a selling pressure if the currency price […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishSince December 20, GBP/USD has begun resumption of an upward move but battles resistance at level 1.3560. The bearish trend is presumed to have ended on December 29. According to the Fibonacci tool, the bearish trend has subsided as buyers […]
“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About four years ago, Mr. Geoffrey (not his real name) came to me and said […]
The GBP/USD pair traded on a quiet tone in the early European session on Tuesday after recording a spike to a five-week high at 1.3448 earlier today. The Cable struggled to build upon the upbeat momentum from the previous day and remained subdued within a range amid an absence of liquidity due to the holidays […]
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 pair has been in a downtrend since May as it targets level 1.3800. The selling pressure has reached bearish exhaustion. The Pound fell to the low of level 1.3160 and rebounded. The pair is rising to the upside. The […]
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 pair is in a downtrend but may resume uptrend. The bears have pushed the altcoin to the low of level 1.3216. This is the previous low of December 7. The market will resume upward if the current support holds. […]
GBP/JPY maintained an upbeat bias through the early European session on Thursday and currently trades at 151.61. The “guppy” broke above its monthly high a few hours ago, reaching a peak of 151.82. A mixture of factors catalyzed the recent bounce from the 149.75 low for GBP/JPY and continued to bolster the price on Thursday. […]
