During the early hours of this week's trading, the GBP/USD currency exchange rate bounced off the resistance of a zone that surround the 1.3900 level. By the middle of Monday's trading, the rate was expected to look for support near the 1.3850 level. Economic Calendar On Tuesday, the US Consumer Price Index at 12:30 GMT is expected to impact all USD
On Thursday, the British Pound fell by 51 pips or 0.36% against the US Dollar. The currency pair was pressured lower by the 55– hour simple moving average during Thursday's trading session. Economic Calendar On Friday, the BOE Gov Bailey Speaks at 10:00 GMT could cause some move on GBP pair and commodity price charts. Click on the link below
The British Pound declined by 62 pips or 0.45% against the US Dollar on Wednesday. The currency pair pierced the support level at 1.3774 during yesterday's trading session. Economic Calendar On Thursday, the US Unemployment Claims at 12:30 GMT could cause a minor move on USD pair and commodity price charts. Click on the link below to find out more about
On Tuesday, the British Pound declined by 116 pips or 0.84% against the US Dollar. The exchange rate breached the 55-, 100 and 200– hour SMAs during Tuesday's trading session. Economic Calendar On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for the previous
The British Pound edged higher by 43 pips or 0.31% against the US Dollar on Monday. The currency pair breached the 200– hour simple moving average at 1.3859 during Monday's trading session. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD pairs. However, note that during most times the
On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a decline of the US Dollar. The initial decline was followed up by an extension of the fall of the value of the US Dollar. On the GBP/USD charts it resulted in a move upwards. By the middle of Monday's trading hours, the rate had reached the
The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday's trading hours, the rate fluctuated sideways near the 1.3750 mark. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD
The decline of the GBP/USD has reached the 1.3800 level, which provided support for a retracement back up to the 1.3840 level. During the early hours of Thursday's trading, the pair fluctuated between the mentioned levels. In the near term future the rate could either trade sideways between the mentioned levels or make a move up or down. Economic Calendar On Thursday,
The GBP/USD passed the support of the 1.3860 level and declined to the support of the lower trend line of the channel down pattern. The trend line provided the pair with enough support for a recovery to the 1.3860 level. The 1.3860 mark managed to provide enough resistance for the pair to decline. By the middle of Wednesday's trading, the
The GBP/USD bounced off the combined resistance of the upper trend line of the channel down pattern, the 100 and 200-hour simple moving averages on Monday. On Tuesday, the rate had retreated to the support of the 1.3860 level, which provided support on June 22. Economic Calendar On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause a minor USD
On Monday, a channel down pattern was spotted. The pattern was formed in the aftermath of the rate passing the resistance of the 1.3940 level and testing the 1.4000 mark. In the meantime, note that the pattern's upper trend line was being strengthened by the resistance of the 200-hour simple moving average. Economic Calendar This week note the US ISM Manufacturing
In the aftermath of the US Federal Reserve caused drop, the GBP/USD began a recovery, which appeared to have ended on Tuesday. Namely, the rate declined from a resistance zone just below the 1.3950 level, as soon as it was being approached from above by the 100-hour simple moving average. Economic Calendar On Wednesday, at 08:30 GMT the UK Markit PMIs
On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. The main news that the markets reacted to was the revelation in the Economic Projections that the central bank could hike interest rates in 2023, as it expects an end to the coronavirus and growth of inflation. As a
The GBP/USD pierced the support of the June low levels and shortly traded near the 1.4040 level. Afterwards, the pair returned to trade near the 1.4080 level. On Wednesday morning, the rate began a surge, which reached above the 1.4100 level. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and US Producers Price Indices are expected to
The GBP/USD failed to pass the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.4120/1.4138 zone. On Tuesday, the rate had retreated to the support zone of the June low levels. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and US Producers Price Indices are expected
On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and US Producers Price Indices are expected to be released. The Retail Sales have caused moves from 14.0 to 22.6 pips since January. The
On Thursday, the British Pound edged higher by 90 pips or 0.64% against the US Dollar. The currency pair returned to the 1.4185 area during Thursday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the
On Wednesday, the British Pound fell by 77 pips or 0.54% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar On Thursday, the US Consumer Price Index, US Core Consumer Price Index and the US Unemployment Claims are set to be released exactly at 12:30 GMT. Most likely,
During the first half of Tuesday's trading session, the GBP/USD currency pair declined by 58 pips or 0.41%. The exchange rate rebounded from the lower boundary of an ascending channel pattern at the end of the day. Economic Calendar On Thursday, the US Consumer Price Index, US Core Consumer Price Index and the US Unemployment Claims are set to be released exactly
On Monday, the GBP/USD exchange rate surged by 73 pips or 0.52%. The currency pair tested the upper line of an ascending channel pattern during yesterday's trading session. Economic Calendar On Thursday, the US Consumer Price Index, US Core Consumer Price Index and the US Unemployment Claims are set to be released exactly at 12:30 GMT. Most likely, all USD asset
On Thursday, the GBP/USD rate made a failed attempt at passing the resistance of the 1.4200 level. It was followed up by a sharp decline below the support zone of the late May low levels at 1.4100/1.4095. br> At mid-day on Friday, at 12:30 GMT, the value of the US Dollar plummeted due to the release of the US monthly employment
The GBP/USD found support just above 1.4110, on Wednesday, before starting a recovery that reached the resistance of the 55 and 100-hour simple moving averages near 1.4180. Note that during the prior decline, the rate pierced the support of the weekly S1 simple pivot point at 1.4119. Economic Calendar There is one major notable event to watch this week. The US
During the first half of Wednesday's European trading hours, the GBP/USD reached the 1.4125 level. Meanwhile, the most close by technical support level was located at 1.4119. Economic Calendar There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely going to impact the GBP/USD currency exchange rate. Namely,
Despite passing the resistance of the zone above the 1.4220 level, the GBP/USD did not follow up with a large surge. The rate encountered resistance in the weekly R1 simple pivot point at 1.4246 and the 1.4250 level. By the middle of Tuesday's trading, the pair had retreated to the combined support of the 200-hour SMA and the weekly simple