As expected, the GBP/USD has declined. On Wednesday, the pair first reached the 50.00% Fibo at 1.2418 and afterwards dropped down to the weekly S1 simple pivot point at the 1.2360 mark. In the aftermath of the drop, on Wednesday, the rate began to trade sideways. Economic Calendar All attention of GBP traders is expected to be set on the upcoming
On Tuesday, the GBP/USD traded between the support of the 1.2420 and 1.2485 levels. In regards to the near term future, it was more likely that the pair could decline, as it faced two SMAs and a monthly pivot point from 1.2470 to 1.2485. Economic Calendar There are a couple of minor data releases scheduled for the week. On Tuesday, the
On Thursday morning, the GBP/USD exchange rate broke the weekly R1 at 1.2500. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. Next week's notable scheduled events are set to start on
On Wednesday morning, the GBP/USD passed the support of the 1.2450 level and the 55-hour simple moving average near 1.2440. In the near term future, the rate was expected to test the 100 and 200-hour SMA support at 1.2400 before declining to a weekly pivot point at 1.2374. Economic Calendar This week starts with the US Advance GDP on Wednesday at
The GBP/USD jumped on Tuesday morning to the 1.2500 mark. At that level the rate met with the resistance of the simple weekly R1 pivot point. The future of the rate depended on whether or not the rate breaks the resistance of the pivot point. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
During Friday, the GBP/USD exchange rate consolidated in the 1.2350 area. During Monday morning, the rate extended gains and reached 1.2440. The rate could gain support from the 200-hour SMA, as well the Fibo 50.00% and trade upwards within the following trading hours. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
After failing to pass the resistance of the 1.2400 level on Thursday, the GBP/USD declined. By Friday morning, the rate had almost reached the 1.2300 mark. In the meantime, the pair had passed all of the technical levels that were located between 1.2300 and 1.2400. Economic Calendar On Friday, a notable reaction of above then pips could be created by
Since the middle of Wednesday's GMT trading hours, the GBP/USD has traded near the 1.2350 mark. In the meantime, it had been testing the resistance of the 55-hour SMA, which was broken on Thursday morning. Although, the breaking of the SMA did not result in a surge, as the rate was pressured by the resistance of the 100-hour SMA
As forecast on Tuesday, the GBP/USD plummeted. However, the rate reached a lot lower than it was expected. It was forecast that the pair could reach the 1.2350 level, but instead the decline stopped at 1.2250. On Wednesday, the currency exchange rate recovered, as it approached various technical resistance levels that were located above 1.2350. Economic Calendar Next UK data
The 55 and 200-hour simple moving averages provided the GBP/USD with the required resistance to push the pair down. By the middle of Tuesday's GMT trading hours, the currency exchange rate had retreated to the weekly simple S1 pivot point at 1.2395. If the pivot point fails to hold, the rate could drop to 1.2350. Economic Calendar Data releases affecting
The GBP/USD started the week by retreating below the 55 and 200-hour simple moving averages that were located near the 1.2475 level. These two SMAs were expected to push the rate down into the support of the 50.00% Fibonacci retracement level at 1.2418. The Fibo kept the rate from declining at the end of last week. Economic Calendar Data releases
On Thursday, the GBP/USD rate's bounce off from a 50.00% Fibonacci retracement level was reversed by the 55 and 100-hour simple moving averages. By mid-day on Friday, the pair was once again back at the retracement level and was testing its support. Economic Calendar Data releases affecting the GBP/USD are set to start on Wednesday, as at 06:00 GMT
As expected, the GBP/USD passed the support of the 1.2500 level. However, the following decline was immediately stopped by the 1.2450 level, which caused a surge to the weekly R1 simple pivot point at 1.2576. Afterwards, the rate bounced off the pivot point, and, by the middle of Thursday's GMT trading hours, the pair had retreated below the 1.2500
At mid-day on Wednesday, the rate was testing the support of the 1.2500 level. In the meantime, the pair had passed the support of the 100-hour simple moving average at 1.2513. In theory, the pair should decline to a combination of two technical support levels near 1.2415. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests
The surge of the GBP/USD has reached the resistance of a weekly R1 simple pivot point at 1.2576. Since the end of last week the pair has been pushed up by the combination of the 55 and 100-hour simple moving averages. In regards to the near term future, the rate was expected to trade between 1.2520 and 1.2580.
Since the middle of Wednesday's GMT trading hours, the GBP/USD has been testing the resistance of the 50.00% Fibonacci retracement level at 1.2418. On Thursday, the rate was being approached by the 55 and 200-hour simple moving averages. The support of the SMAs could push the rate through the mentioned Fibo and another resistance level at 1.2430. Economic Calendar Due
On Wednesday, the GBP/USD traded between various technical levels near 1.2320. In addition, it had broken the previously described channel down pattern. In regards to the near term future, there could be either a surge up to 1.2400 or a drop to 1.2200. Economic Calendar As it occurred during the last week, due to the fundamental changes in the markets,
On Tuesday morning, the GBP/USD bounced off a supporting trend line and surged up to the 1.2350 level. By doing this, the currency exchange rate revealed a channel down pattern. Meanwhile, the rate managed to pass the resistance of the 55, 100 and 200-hour simple moving averages and the simple weekly pivot point. Economic Calendar As it occurred during the
On Monday morning, the GBP/USD tested a strong resistance cluster, which was located from 1.2311 to 1.2356. In regards to the near term future, the pair had a couple of possible scenarios. Economic Calendar As it occurred during the last week, due to the fundamental changes in the markets, Dukascopy Analytics suggest to note the scheduled macroeconomic events, but avoid
On Friday, the GBP/USD plummeted, as it passed the support of a monthly pivot point at 1.2345 and a 50.00% Fibonacci retracement level at 1.2311. The rate had no technical support as low as the 1.2200 level, where it could meet with the 200-hour simple moving average. Economic Calendar As it occurred during the last week, due to the fundamental
Since the middle of Wednesday's GMT trading hours, the GBP/USD currency exchange rate has trade sideways near the 1.2400 level. By the middle of Thursday's trading, the rate was approached by the support of the 55 and 100-hour simple moving averages, which, in theory, should push the pair up. Economic Calendar This week, data can be ignored, as the fundamental
On Tuesday, the GBP/USD fulfilled one of the previously described scenarios, as it broke the resistance of the 55-hour simple moving average and reached for the resistance of the 1.2450 level. Afterwards, the rate bounced off this level. On Wednesday, the rate had declined to the support of the new simple monthly pivot point at 1.2345. In addition, the
On Tuesday, the currency exchange rate traded between the support of the 1.2300 level and the resistance of the 55-hour SMA, which was moving up near the 1.2360 mark. The rate had two possible near term future scenarios, as it could both pass the mentioned support and break the resistance of the simple moving average. Economic Calendar This week, data
As expected on Friday, the GBP/USD passed the resistance of the 1.2300 level. Moreover, on Friday, the rate approached the resistance of the 1.2500 mark. On Monday, the rate had retreated, as it consolidated its previous gains. Economic Calendar This week, data can be ignored, as the fundamental background is changed in a way that historical data does not matter. However,