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 upward move has been interrupted at level 1.4200. The pair fell to level 1.3800 support and resumed fluctuation between levels 1.3800 and 1.400. The pair has retested the resistance at level 1.400 but faces rejection. The market will resume […]
The GBP/USD failed, once again, to scale the 1.4000 resistance and has fallen to the 1.3900 area, indicating that Wednesday’s post-dovish FOMC monetary policy effect on the market has worn off. The decline is getting its drive by the broad recovery of the US dollar, which is getting boosted by soaring US bond yields. 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 had been in an uptrend. The pair has been facing rejection at level 1.4200. On February 24 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. This retracement indicates that the Pound will rise to level 2.618 […]
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 had been in an uptrend. The pair is currently retracing to the previous low. The price has broken the 21-day SMA but it is approaching the 50-day SMA. Once the price breaks the 50-day SMA, the market may further […]
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 had been in an uptrend. The market is still retracing after the recent rejection at level 1.4200. It is likely the retracement will find support above the 21-day SMA or the trend line. In the previous price action, the […]
Key Resistance: 1.40 Key Support: 1.38 Mid Term View After hitting and rejecting the 1.4200 level the GU crashed 358 pips (-2.50%) and broke with the 1.40 level to close lower on Friday. Sunday´s open brought buyers to push the Pound up to this previous level. 1H Chart Analysis The retest of the 1.40 + […]
Key Resistance: 1.4170 – 1.4220 Key Support: 1.4080 – 1.4037 Long Term View The GU has been in a very strong up move back in March 2020 for an almost +25% move. The latest leg of this bullish move is overextended. 1H Chart Analysis Price in the GU fell yesterday 165 pips from the highs […]
Key Resistance Levels:1.4200,1.4400,1.4600 Key Support Levels: 1.3200, 1.3000, 1.2800 GBP/USD Price Long-term Trend: BullishGBP/USD had been in an uptrend since September 2020. The price has been making a series of higher highs and higher lows. Today, the pair is trading at level 1.4025 at the time of writing. The RSI has indicated that price has […]
Since the start of the pandemic, the pound has behaved more like a risky asset than a safe haven. Much of the recent gain in the pound has been linked to the signing of the Brexit agreement between the UK and the EU ahead of Christmas and the weakness of the US dollar. The steadily […]
