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 still falling. The pound has been falling from level 1.4000. Further downsides are likely as the pair faces rejection from level 1.3840. Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. […]
Key Resistance: 1.3888 Key Support: 1.3800 The GBPUSD has been trading inside a short-mid term bearish structure since it retested the 1.40 level back in July 29th and yesterday we saw a bullish move towards last week’s lows. Looking at the USD and how it has been rallying a retest of last week’s lows on […]
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 resumed a downward move after rejection from level 1.4000 resistance zones. Initially, the pair dropped to 1.3875 low as price corrected upward. The upward correction was terminated at level 1.3950. The pair has resumed selling pressure. Meanwhile, […]
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 has been in a sideways trend below 1.4200 overhead resistances. For the past three months, the pair has been making positive moves below level 1.4200. On July 30, the pair reached the high of 1.3979 and was repelled. […]
Key Support: 1.3940 Key Resistance: 1.3980 – 1.4080 The GBPUSD has rallied 3% (407 pips) from last week’s lows around the 1.3560 level. This base / key level is where we saw buyers jump in at the beginning of February pushing price up about 5.07% (687 pips) to test the massive 1.42 level. Last week. […]
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‘s downward move has reached bearish exhaustion. The pound has resumed an upward move since July 21. The price has broken the 21-day SMA. A break above the moving averages will propel the pair to rise. Meanwhile, on June […]
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 […]
