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 […]
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. Previously, the Pound was fluctuating in a tight range between levels 1.4100 and 1.4200. The bears broke the lower price range as the pair fell to level 1.3810. The bulls bought the dips […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: RangingGBP/USD pair is in a sideways trend since May 10. The currency pair is ranging in a tight range between levels 1.4100 and 1.4200. Today, the Pound is rising on the upside to retest the previous highs. On the upside, […]
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 pair is in an uptrend. The Pound is currently fluctuating below level 1.4300. The upward move has been resisted since May 18. Meanwhile, on May 11 uptrend, a retraced candle body tested the 61.8%% Fibonacci retracement level. The retracement […]
GBP/USD dropped after reaching a static resistance level. Still, the decline could be only a temporary one as the pair is located above major dynamic support. The DXY remains under selling pressure, so a further decline should weaken the greenback. The price has declined a little after Friday’s rally. Technically, maybe it was a natural […]
Key Support: 1.42 – 1.4165 Key Resistance: 1.4380 The GBPUSD’s upside has been capped to the upside by the 1.42 level since mid May creating a flat triangle in the process. it has now come back into the range below 1.42 on big USD buying from the lows but the setup remains valid above the […]
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 pair has risen to 1.4250 and price is fluctuating below the resistance level. Since May 18, the pair has been retesting the resistance zone, Similarly, on February 24, the pair was repelled at the same resistance level and the […]
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 rising upward. However, the upward move is facing resistance on the upside. Recently, the currency pair was resisted on May 11 as the Pound fell to level 1.4050 low. Today, the Pound is rising to retest the resistance […]
