The dollar remains generally weak in today’s trading, although overall sentiment is stabilizing. Risk trading is taking a breather to some extent after earlier US stocks hit new intraday gains. Meanwhile, the dollar sell-off continues at the beginning of the American session and continues after weaker-than-expected values of the core CPI. Sterling rallies today amid […]
GBPUSD Price Analysis – February 7 The GBPUSD pair has been holding onto its uptrend despite some range trading. The pairs bulls stay unrelenting to the 1.3800 high zones as the Bank of England downplays negative interest rates boosting the pound against the soaring US dollar. Key LevelsResistance Levels: 1.4345, 1.4000, 1.3800Support Levels: 1.3624, 1.3519, […]
GBPUSD The GU is again retesting and rejecting a MASSIVE level on the daily (1.3750) and we are looking to short the breakout of the reversal structure. This pair has been trading inside of a rising pennant testing time after time this big daily level printing major bearish divergence on its way. The break of […]
GBPUSD Price Analysis – January 31 The GBPUSD pair exited the prior week with modest gains after it eased from the mid 1.3700 level to close at 1.3705. The coronavirus spread reduction eased the pressure and offered some reprieve to the UK currency which was quite resilient to the dollar’s demand on risk-aversion. Key LevelsResistance […]
GBPUSD Price Analysis – January 24 Last week the GBPUSD pair maintained a positive tone and in the previous session, sellers made a fresh attempt to continue selling below 1.3700. The pound was hit by poor UK data as retail sales rose a modest 0.3% mom in December, well below the 1.2% anticipated. Key LevelsResistance […]
The GU retested and rejected a big key level and the bottom of the current structure which happens to be a a bullish flag. The DXY rallied to the 90.70 level and reversed as predicted on today’s video. This was our sell level for the USD which will push price in the GBPUSD up. Broker […]
GBPUSD Price Analysis – January 10 GBPUSD continues to grapple with upside momentum in a bid to recover the 1.3600 level while the pair underperformed in the prior week as England returned to a March 2020 style lockdown. The UK entered a harsh lockdown to prevent hospitals from collapsing due to the new virus strain. […]
The GU is testing and rejecting a massive level in historic price action. The 1.3670-1.3680 is the lows of February 2018, level that after price broke to the downside the Pound went on a -16.80% move (-2300 pips) until it bounced from the 1.14 level back in March 2020. Prime Minister Boris Johnson just commented […]
The Pound-Dollar has rejected a key level (1.3440) and started to rally after breaking out of a reversal pattern. We are still inside a short term bearish structure (orange) and sellers are in control right now below the next key level (1.3525). If buyers break with this key level the immediate bullish structure would be […]
