The GBP/USD exchange rate is squeezed by the 55- and 100-hour moving averages, located circa 1.3050 and 1.3090 respectively. It is unlikely that the rate could decline below the weekly PP at 1.3013. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be
The GBP/USD exchange rate failed to exceed the 1.3150 level. It is likely that the rate could gain support from the 100-hour SMA and the weekly PP at 1.3013 and trade sideways in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to
The GBP/USD exchange rate continued to extend gains actively. During Friday morning hours, the rate was consolidating near the 1.3150 level. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey results at 14:00 GMT. Additionally, the US ISM
The GBP/USD exchange rate exceeded the weekly R2 at 1.2992. It is likely that some upside potential could prevail in the market, as the rate is supported by the 55-hour SMA. Economic Calendar On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to find
The GBP/USD exchange rate increased its gains and exceed the 1.2950 level. Meanwhile, note that the rate could face the resistance level formed by the weekly R2 at 1.2992. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a Rate Statement and Rate Announcement on Wednesday,
The GBP/USD increased its gains and reached the 1.2900 level. The 1.2900 was tested three times before a decline began on Tuesday. However, by the middle of the day's GMT trading hours, the decline was stopped by the 1.2850 level. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is
By the middle of Monday's GMT trading hours, the pair had reached the 1.2880 level. Its surge was stopped by the resistance of the daily candle chart's channel up pattern's upper trend line. In theory, the rate should consolidate by trading sideways or declining. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all,
The GBP/USD has continued to trade between the resistance of the weekly R2 at 1.2758 and the support of the 55-hour SMA and a monthly pivot point at 1.2727. In the meantime, the currency exchange rate revealed minor scale channel down pattern, whose resistance line could push the rate down. Economic Calendar There are no more notable events scheduled for this week.
Since the middle of Wednesday's GMT trading hours, the GBP/USD traded sideways between a pivot point at 1.2727 and the 1.2750 level. In the meantime, the currency exchange rate revealed minor scale channel down pattern, whose resistance line could push the rate down. Economic Calendar On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The surge of the GBP/USD ended at the 1.2765 level, where it tested the weekly R2 simple pivot point. The currency exchange rate failed to pass this level and began a decline. By the middle of Wednesday's European trading hours, the pair had reached the support of a 61.80% Fibonacci retracement level at 1.2646. Economic Calendar There are only couple of events
The surge of the GBP/USD currency exchange rate has reached the 1.2700 level, which provided resistance. Since early Monday morning, the rate had gained more than 1.50%. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will
On Monday, GBP/USD jumped. Namely, the currency exchange rate found support in 1.2520 and surged by one percent up to the 1.2646 level, where it met with the resistance of a 61.80% Fibo. In addition, during the surge the rate broke the resistance of a channel down pattern. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On
The GBP/USD exchange rate jumped to 1.2620 level, however, failed to exceed it. Given that the rate is pressured by the moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Next week is going to be relatively calm, as there are only couple of events that could affect the GBP/USD rate. On Thursday, the US
The GBP/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that some downside potential could prevail in the market. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed data with moves in
Yesterday, the GBP/USD exchange rate reversed north from the support formed by the weekly S1 and the monthly PP in the 1.2500 area. During Wednesday morning, the rate was trading at 1.2600. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed
The GBP/USD exchange rate tumbled below the 1.2540 level. It is unlikely that some downside potential could prevail, as the rate could gain support from the weekly S1 and the monthly PP near 1.2500. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
The GBP/USD exchange rate failed to exceed the psychological level at 1.2660. On Monday morning, the rate was testing the support formed by the 100-hour SMA and the weekly PP at 1.2590. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
The GBP/USD did not continue its surge on Thursday. Instead, at 14:00 GMT, the rate began a decline. On Friday, the rate's decline had reached below the 1.2580 mark. On Friday morning, the rate had a few possible future scenarios. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index are set to be released. In the
As forecast, the GBP/USD traded sideways until the 55-hour SMA caught up with it and pushed it up. Namely, the SMA caused a surge, which by the middle of Thursday's GMT trading hours had reached 1.2660 level. In theory, the pair should continue the surge, as it had no technical resistance as high as 1.2700. Economic Calendar On Thursday, at 12:30 GMT
The 55 and 100-hour simple moving averages provided the GBP/USD with the needed support to start a surge. On Tuesday, the surge reached the weekly R1 pivot point at 1.2593, from which it bounced off. Afterwards, since retreating to the 1.2550 mark, the currency exchange rate has been trading sideways. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims
The 1.2520 level stopped the GBP/USD exchange rate's attempts to surge throughout Monday and early Tuesday. By the middle of the day's GMT trading hours, the rate had dipped down to the 1.2470 level. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above average volatility. On Friday, the US Producer Price
At mid-day on Monday, the GBP/USD broke the medium channel down pattern of the hourly candle chart. The event signalled that the currency exchange rate could continue to surge. In theory, a surge could reach for the 1.2600 level, as there was no technical resistance as high as 1.2593. Economic Calendar Macroeconomic data releases are set to start on Monday at 14:00
The fundamental surge of the GBP/USD ended at the 1.2525 level. After attempting to pass this level for five hours, the rate began a decline. By the middle of Friday's GMT trading hours, the rate had reached the 1.2450 level. GBP Appreciated 2.20% Since Tuesday, June 30, the British Pound has been appreciating actively against the US Dollar. The GBP/USD currency pair
The strong technical resistance cluster did not hold on Wednesday. The scenario of a surge occurred and the rate reached the scenario's target of 1.2483. On Thursday, the pair continued its surge, as it passed the 1.2500 exchange rate level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that