The GBP/USD currency exchange rate has reached the December high level zone at 1.3277/1.3289. At mid-day on Wednesday, the rate appeared to have been retracing down after encountering resistance. The pair was expected to reach the combined support of the weekly simple pivot point at 1.3243 and the 50, 100 and 200-hour simple moving averages near 1.3230. Economic Calendar Top event
On Tuesday, the GBP/USD found support in the trend line, which connects the December 8 and 9 low levels. By the middle of the day, the rate had reached and pierced the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.3245. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index and Core
The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. Economic Calendar On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index
On Wednesday, the GBP/USD pair respected the resistance of the 50 and 100-hour simple moving averages near the 1.3240 and 1.3250 levels and the support of the weekly S1 simple pivot point at 1.3167. The rate had bounced between the mentioned levels throughout the day. During the first half of Thursday's trading, the pair had retreated from the 50-hour SMA and
The GBP/USD currency exchange rate has been finding support in the 1.3195/1.3210 zone. However, the rate had retraced up to the resistance of the 100-hour simple moving average and the weekly simple moving average near 1.3265, before the second decline to the support zone. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims
On Tuesday morning, the GBP/USD currency exchange rate found resistance at 1.3290. The event was followed up by a decline. By the middle of the day's European trading hours, the pair had reached the 1.3240 level. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. The GBP/USD has
The GBP/USD currency exchange rate found resistance in the 1.3278/1.3300 zone and the 100-hour simple moving average. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index
At mid-day on Friday, the GBP/USD currency exchange rate pierced the support of the weekly S1 simple pivot point at 1.3264. The rate was pushed down initially on Thursday by the 200-hour SMA. On Friday, the 50-hour simple moving average provided resistance. Economic Calendar This week, the main event will be the release of the US employment data on Friday at
On Wednesday, the GBP/USD pair's decline found support in the weekly S1 simple pivot point at 1.3264. The pivot point provided enough support for a recovery to start. By the start of Thursday's US trading session, the rate had reached the resistance of the 200-hour simple moving average near 1.3340. Economic Calendar This week, the main event will be the release
The high volatility caused by the US Fed Chairman's testimony resulted in the GBP/USD dropping from the resistance zone at 1.3365 to the 1.3200 mark. However, by the middle of Wednesday's European trading hours, the rate had returned to previous levels, as it had once again used the support zone at 1.3300/1.3380 and was heading to the 1.3367/1.3370 resistance
The GBP/USD remains in the range between the resistance zone at 1.3364/1.3370 and the support zone at 1.3300/1.3380. Meanwhile, the 50 and 100-hour simple moving averages manage to have a short lived impact on the pair. At mid-day on Tuesday, the rate was testing the resistance zone. Future forecasts were based upon whether or not the zone holds. Economic Calendar GBP/USD short-term
The weekly simple pivot point and the high level zone at 1.3364/1.3370 has provided the GBP/USD pair with enough resistance for the rate to decline. Namely, during the first half of Monday's trading hours, the currency rate passed below the 100-hour SMA at 1.3340 and the 50-hour simple moving average at 1.3326. Economic Calendar GBP/USD short-term review In the case that the
The GBP/USD currency exchange rate reached and pierced the resistance of the 200-hour simple moving average at mid-day on Wednesday. Previously, during the morning hours of the day, the rate declined and shortly traded below the support of the 100-hour SMA. Meanwhile, analysts spotted a channel up pattern on the rate's hourly candle chart. Economic Calendar On Thursday, note that a minor
On Monday morning, the GBP/USD passed above the resistance of the 1.3410/1.3430 zone. However, a follow up surge did not occur. Instead, the pair started to trade in the zone. Meanwhile, support was being provided by the 50-hour SMA and the 1.3400 level. Resistance was provided by the 100-hour SMA at 1.3450 and the weekly simple pivot point at 1.3462. Economic
Before reaching the 1.3350 mark, the GBP/USD started a recovery. Namely, the pair retraced back up to the combined resistance of the previously passed low level zone at 1.3410/1.3430, the 50-hour simple moving average and the 1.3400 level. Economic Calendar Next week, on Tuesday, at 13:30 GMT, the US Retail Sales and US Core Retail Sales are bound to impact the
By the middle of Thursday's trading, the GBP/USD passed the support of the 1.3450 mark, the October and November low level zone at 1.3410/1.3430 and the 1.3400 mark, and the rate pierced the weekly S1 simple pivot point at 1.3386. Moreover, the 1.3410/1.3430 zone was confirmed as a resistance. Economic Calendar On Thursday, the UK Preliminary Quarterly GDP data might cause
On Wednesday morning, the support of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to provide support at the 1.3530/1.3550 zone. This resulted in a decline, which at 13:30 GMT was boosted by the US Consumer Price Index release. By the middle of the day's US trading hours, the rate was heading to
The GBP/USD currency exchange rate's surge has encountered resistance at 1.3605/1.3610. This zone proved that it can impact the pair during the first trading sessions of November. Economic Calendar On Tuesday, the US Producer Price Index and Core Producer Price Index at 13:30 GMT could cause minor USD volatility. The GBP/USD has moved from 8.4 to 25.8 on the release. On Wednesday,
The GBP/USD found enough support in the September low level zone to start a recovery. The recovery first reached the resistance of the 1.3500 mark, which kept the rate down until the middle of Monday's GMT trading hours. During the afternoon, the GBP/USD was surging sharply. By 15:30 GMT, the rate was testing the resistance of the 100-hour simple moving
On Friday morning, the GBP/USD currency pair reached the zone of the September and October low levels at 1.3413/1.3433. Economic Calendar On Friday, US statisticians will publish their monthly employment data sets at 12:30 GMT. The event has moved GBP/USD from 35.2 to 52.8 pips since June 2021. Next week, on Tuesday, the US Producer Price Index and Core Producer Price Index
On November 4, the Bank of England announced its future monetary policy. In general, the bank decided to keep monetary policy unchanged. On the announcement, at 12:00 GMT, the GBP/USD started a decline. During the fifteen minutes following the release the rate had declined by 86 base points or 0.63%. Economic Calendar On Friday, US statisticians will publish their monthly employment data
At mid-day on Tuesday, the GBP/USD passed the support of the weekly S1 simple pivot point and the lower trend line of the channel down pattern. However, the event did not result in the expected decline to the weekly S2 simple pivot point or the 1.3600 mark. Instead, the rate started a minor recovery at the 1.3606 level. Economic Calendar Wednesday
The GBP/USD pair's decline reached the support of the weekly S1 simple pivot point at 1.3628 on Tuesday morning. The pivot point provided enough support for a recovery. In the meantime, a minor channel down pattern appears to have been capturing the rate's recent decline. Economic Calendar On Wednesday, at 12:15 GMT the US ADP Non-Farm Employment Change could cause a
The GBP/USD broke the channel up pattern at mid-day on Friday. The event resulted in a sharp decline to the 1.3670 level. Afterwards, a short lived recovery found resistance in the 1.3700 mark. By the middle of Monday's European trading hours, the pair had reached the 1.3650 level. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at