Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishSince February 24, the pair has been in a sideways trend after the rejection at level 1.4200. All the sideways moves have been restricted below level 1.4000. On April 19, a retraced candle body tested the 50% Fibonacci retracement level. […]
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 has resumed a strong bullish momentum. The pound rebounded above level 1.3800 and rallied above level 1.3950. The Relative Strength Index period 14 indicates that the pound is in the uptrend zone and it is approaching the overbought region. […]
Key Support: 1.3654 Key Resistance: 1.40 – 1.420 The GBPUSD has been rallying since it bottomed at around 1.15 back in January 2020. The 1.3500 zone was a struggle for buyers since this level was the retest of the post Brexit lows break. Historically a KEY level. In the shorter time frame price is trading […]
The US dollar remained fairly weak yesterday, even though the yield on 10-year US bonds rose slightly, and the market’s attention turned to the CPI for March. Note that US CPI growth is expected to accelerate in March, and if that happens, it could heighten expectations of further inflationary pressures in the US economy, which […]
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 has been in a downward move after its rejection from level 1.4200. After the initial fall, the Pound is making a series of lower highs and lower lows. On March 5, a retraced candle body tested the 61.8% Fibonacci […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishThe British Pound downtrend has been terminated on March 24 as bulls bought the dips. The pair has been in an upward movement since March 25. The pair’s price has broken above the SMAs.On March 5, a retraced candle body […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishThe British Pound has been in a downward move after its rejection at level 1.4200. The pair has fallen and broken below the moving averages. The implication is that the selling pressure will persist. On March 5 downtrend, a retraced […]
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 […]
