GBP/USD is strongly bullish today as the DXY drops. The pair has decreased a little in the short term, but only to retest the immediate support levels. Making a new higher high could really announce further growth. The US New Home Sales indicator will be released today and is expected at 800K higher versus 769K […]
GBPUSD Price Analysis – July 16 GBPUSD has created an inverted cup and handle pattern and the market is set to fall. After a sluggish start this year, bulls came alive and infused momentum into the market. The market, therefore, began an upsurge on the 5th of February 2021, springing up from the 1.36600 support. […]
Today, GBP pays little regard to employment data, which has shown modest signs of improvement. The dollar is significantly weaker against the Swiss Franc and the Japanese Yen, but markets are pretty stable elsewhere. The Canadian dollar likewise shrugged off the Bank of Canada’s tapering announcement from yesterday. For the next changes in currencies, the […]
GBP/USD rallied and now it stands at 1.3870 level higher versus 1.3813 today’s low. It has increased as much as the 1.3898 level but it has slipped lower as the US Dollar Index has rebounded. The Pound has jumped higher even if the Unemployment Rate increased to 4.8% from 4.7%. The UK Claimant Count Change […]
GBP/USD dropped significantly today but it maintains a bullish bias. It has escaped from a reversal pattern, so it is still expected to increase. DXY has rebounded, helping the USD to increase a little versus its rivals. The US CPI is expected to increase by 0.5% in June after a 0.6% growth in May. Moreover, […]
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. On June 18, the currency pair fell to leve 1.3800 and corrected upward. The upward correction was terminated at level 1.4000 signaling the resumption of a downward move. Meanwhile, on June 21 downtrend; a […]
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 fallen to level 1.3740 and pulled back. The selling pressure resumes has resumed after the Pound was repelled at 1.3900. Meanwhile, on June 21 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement […]
GBP/USD has found strong support in the short term and now it looks to trade higher. The Pound is bullish right now even if the UK’s data have come in mixed earlier. The Current Account was reported at -12.8B higher versus -13.9B expected and compared to -26.3B in the previous reporting period. The Final GDP […]
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 downward move after its rejection from level 1.4200. After the resistance, the Pound declined to level 1.3800 low. The bulls bought the dips to resume an upward move. The upward correction was terminated at level […]
