With the RBA interest rate meeting expectations, the GBPAUD market has posted minimal gains. The RBA interest rate remained at 4.1%, aligning with market forecasts. Consequently, this allowed the AUD to gain against the British pound, causing a slight downward retracement, though the pound remained stable. Key Price Levels Resistance Levels: 2.0800, 2.1000, 2.1100 Support […]
The GBPAUD market has edged higher over the past week. However, this appears to be primarily due to weakness in the Australian economy, while the UK maintains a stable outlook. As a result, the pair climbed above the 2.0000 price level. On Friday, the market experienced a major setback as the AUD strengthened following gold’s […]
The GBPAUD market has maintained an upward trajectory since last year, largely supported by the weaker performance of the Australian economy. The previous week’s closing session ended in the green on the daily chart, reinforcing the bullish trend. However, the new week introduces key fundamental data releases, which could influence the future price direction depending […]
The GBPAUD market has extended its winning streak, with price action maintaining a general upward trajectory. This upward momentum appears to be supported by challenges in the Australian economy, such as housing concerns, while the UK remains relatively stable. Let’s take a closer look at this market below. Key Price Levels: Resistance Levels: 2.0500, 2.1000, […]
With the Forex market anticipating key economic data, such as the Reserve Bank of Australia’s (RBA) interest rate decision, UK unemployment figures, and inflation data, GBPAUD appears to be trending toward steeper declines. However, whether or not the pair will sustain this trend strongly depends on which side of the market benefits most from upcoming […]
The 2.0000 price level remains solid above price action in the GBPAUD market. This seems mostly triggered by bolstering economic activities in Australia. This technical setup has solidified the 2.0000 threshold level, causing headwinds to gain prominence. Let’s try to decipher what can be anticipated from this market. Key Price Levels: Resistance Levels: 2.0000, 2.0200, […]
Price activity in the GBPAUD market has rebounded off another higher support level. This appears to have been aided by economic developments on both sides of the pair. The UK aims to encourage economic growth by lowering its interest rate by 0.25 basis points (bps), while Australia faces a notable threat stemming from US trade […]
Buyers in the GBP/AUD market have achieved a winning streak spanning six consecutive sessions on the daily chart. This rally appears to be fueled by speculation that the Reserve Bank of Australia (RBA) is considering a 25bps rate cut, signaling a more dovish stance. Meanwhile, the Bank of England (BoE) remains cautious about rate cuts […]
GBPJPY Price Analysis – February 4 GBPJPY experiences a change in direction in the market. The market in the daily timeframe has formed a wave-like picture. The market has gyrated from highs to lows and vice versa. On the 4th of November, the Moving Averages period nine and twenty-one crossed to signify a bearish move […]
