On Friday, the GBP/USD was testing the resistance of the 1.2300 level while being supported by the 1.2150. Meanwhile, the rate ignored pivot points, as round price levels were impacting the currency exchange rate. In regards to the future, the rate was expected to surge, as soon as the 55-hour simple moving average catches up with the GBP/USD. UK
As expected, the GBP/USD looked for support in the 55 and 100-hour SMAs, which caused a rates surge. By the middle of Thursday's GMT trading hours, the currency exchange rate was already testing the 1.2000 level. In the meantime, the 1.2000 level's resistance was strengthened by the upper trend line of a rising wedge pattern. Economic Calendar The week will
On Wednesday morning, the weekly PP at 1.1838 and the 200-hour SMA at 1.1896 were pierced. However, after shortly trading above the 1.1950 level, the GBP/USD declined below the mentioned technical levels. It was possible that the rate would reach for the combined support of the 55 and 100-hour simple moving averages. Economic Calendar On Thursday, March 26, the UK
On Tuesday, the GBP/USD currency exchange rate was recovering, as it headed to the resistance of the weekly pivot point at the 1.1838 level. The rate was expected to reach this level and trade below it until the additional support of the hourly simple moving averages pushes the rate through the pivot point. Economic Calendar This week, there are couple
The GBP/USD exchange rate remains above the psychological level at 1.1500. Also, the rate failed to surpass the 100-hour SMA. During Monday morning, the rate was trading below the 55-hour SMA. The given moving average could push the rate down. Economic Calendar This week, there are couple of events that could affect the GBP/USD rate. On Wednesday, March 25,
During Friday morning, the GBP/USD exchange rate was testing the 100-hour SMA near 1.1890. If the given resistance holds, some downside potential could prevail. Economic Calendar This week, there are no events left that could impact on the GBP/USD rate. Next week, there are couple of events that could affect the GBP/USD rate. On Wednesday, March 25, the UK CPI data
During Thursday morning, the GBP/USD exchange rate was consolidating near the weekly S2 at 1.1642. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar This week, there are no events left that could impact on the GBP/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this
During Wednesday morning, the GBP/USD exchange rate was testing the weekly S1 at 1.1977. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar This week, there are no events left that could impact on the GBP/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week,
Yesterday, the GBP/USD exchange rate dropped below 1.2300. During Tuesday morning, the rate was testing the support level – the monthly S3 at 1.2178. Economic Calendar Today, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to occur, as at 20:00 GMT the FOMC Statement
The GBP/USD has continued to drop, as the currency exchange rate reached the 1.2300 level. However, on Monday the pair began to trade sideways, as it had become oversold and needed a period of consolidation. Economic Calendar On Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week
On Friday, the GBP/USD traded near the 1.2600 level, as it was trading between the support levels near 1.2500 and the resistances near 1.2635. Previously, our analysts expected that the rate would decline to the 1.2600 level. In regards to the near term future, read below. Economic Calendar Next week, on Tuesday, the US Retail Sales could cause a small move
The decline of the GBP/USD has continued, as the currency exchange rate has reached below the 1.2700 level. In the near term future, the pair was expected to reach for the support of a pivot point near 1.2635. Bank of England Rate Cut The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release
The GBP/USD dropped on Tuesday, as the Bank of England unexpectedly cut interest rates. By the middle of Wednesday's London trading hours, the currency exchange rate had shortly touched the 1.2850 mark. Bank of England Rate Cut The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Wednesday at 07:00 GMT. The
On Tuesday, the GBP/USD currency exchange rate passed the support of the 55-hour simple moving average. By the middle of the days GMT trading hours, the pair had no support as low as the 1.3000 mark. Economic Calendar During the week, there will be couple events that could affect the GBP/USD rate. On Wednesday, March 11, the British GDP and Manufacturing
The GBP/USD pair has reached the 1.3200 level, which provided resistance. On Monday, the currency exchange rate traded near the 1.3100 level, where it had retreated as a part of a consolidation, which was caused by the previous sharp surge. Economic Calendar During the week, there will be couple events that could affect the GBP/USD rate. On Wednesday, March 11, the
During Friday morning, the GBP/USD exchange rate surpassed the weekly R1 at 1.2985. It is likely that bulls could prevail in the market in the short term, and the rate could remain above 1.3000. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of 1.00% to 1.25% at an unscheduled emergency
During Thursday morning, the GBP/USD exchange rate jumped was testing the resistance level formed by the Fibonacci 38.20% retracement and the monthly PP at 1.2920. If the given resistance does not hold, some upside potential could prevail in the market. Fed Rate Cut The Federal Open Market Committee cut the Federal Funds Rate to a target range of
On Wednesday, the GBP/USD was retreating after it had bounced off the resistance of the 100-hour simple moving average. By the middle of the day, the rate had begun to trade around the 55-hour SMA. The future of the rate was dependant on whether or not the SMAs manage to push the rate down or not. Fed Rate Cut
By the middle of Tuesday's London trading hours, the GBP/USD had continued to trade above the 1.2740 level. In the meantime, the rate had been approached by the resistance of the 55-hour simple moving average, which began to push the pair down. US ISM Manufacturing PMI The Institute for Supply Management (ISM) released the US ISM Manufacturing PMI survey
On Monday, the GBP/USD currency exchange rate was testing the support of the 1.2750 level, which was initially reached on Friday. In the case of the 1.2750 mark not holding, the rate could reach as low as the 1.2700 mark. Economic Calendar Already on Monday, a data release could cause a notable move on the GBP/USD charts. The US ISM Manufacturing
By the middle of Friday's London trading, the GBP/USD continued to trade between the 1.2860 and the 1.2920 levels. In the meantime, the rate was approached by the hourly simple moving averages from the above. It indicates that the pair could be pushed down through the support of the 1.2860 level. Economic Calendar Next week, already on Monday, a data release
The decline of the GBP/USD eventually found support in the 1.2860 level, which was strengthened by the weekly S1 simple pivot point. Since finding support, the rate began to trade in the range between the 1.2920 level and the mentioned pivot point. Economic Calendar No more relevant data for the pair is scheduled to be released during this week. However, next week's
On Tuesday, the GBP/USD bounced off the resistance of the 1.3020 level. By the middle of Wednesday's trading, the GBP/USD had almost plummeted by 100 pips and touching the 1.2920 level. At that level, the rate should find the support of a 38.20% Fibonacci retracement level. Economic Calendar During the week there are no notable events that might impact the currency
On Monday, the 1.2900 level provided the GBP/USD with the needed support for the pair to break most resistance provided by technical levels. By the middle of Tuesday's GMT hours, the rate was approaching the 1.3000 level. At that level the rate was expected to meet with the resistance trend line of the February high levels. Economic Calendar During the week