A surge of the GBP was caused by the better than expected UK employment data. Most impact was done by the UK Average Earnings Index. The data allowed the GBP/USD pair to pass a strong technical resistance cluster. This event was followed by a surge, which had no technical resistance as high as 1.3100. Economic Calendar The week's scheduled event historical data tables
The rate failed to pass the resistance of the 1.3200 level and began a decline, which by the middle of Monday's trading session had touched the 1.2963 level. The rate was expected to consolidate by retracing back up or trading sideways before resuming its decline. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales
During Friday morning, the GBP/USD exchange rate tested the resistance level - the weekly PP at 1.3099. The rate could gain support of 55- and 100-hour SMAs, and re-test the given resistance. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales data release on Friday at 09:30 GMT. The GBP/USD exchange currency rate lost
During Thursday morning, the GBP/USD exchange rate was testing the upper boundary of the medium-term descending channel. From a theoretical perspective, it is likely that a reversal south could occur. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions GBP/USD short-term review Yesterday, the GBP/USD exchange
During Wednesday morning, the GBP/USD exchange rate was testing the 100-hour moving average. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions GBP/USD short-term review Yesterday, the
During Monday morning, the GBP/USD exchange rate was trading at the weekly S1 at 1.2985. Note that the exchange rate is pressured by the 55-, 100- and 200-hour SMA. Thus, some downside potential could prevail. Economic Calendar Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published.
During Monday morning, the GBP/USD exchange rate dropped below 1.3020. Note that the exchange rate is pressured by the 55-hour SMA. Thus, some downside potential could prevail. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of 202K compared with the forecast of 160K. The data, as it had done before,
The retracement back up of the GBP/USD met with the resistance of the 55-hour SMA, which stopped the surge on Friday morning near the 1.3090 level. The future forecast scenarios were based upon whether the resistance of the 55-hour SMA holds. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of
During Thursday's morning hours, the GBP/USD dropped to the 1.3020 level, where it found support and began a retracement back up. In the meantime, the pair had broken off the resistance of the 55, 100 and 200-hour simple moving averages and left them above 1.3115. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which
On Wednesday, the GBP/USD passed the support of the 200-hour SMA, which kept it from declining since the middle of Tuesday. This event signalled that a decline of the pair is most likely. Although, by the middle of Wednesday's London trading hours, the pair's decline was stopped by the support of the 1.3100 level. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change
On Tuesday, the GBP/USD reached the 1.3200 level, which it managed to pierce. Namely, for a short period of time the rate traded above the 1.3200 level. In addition, take into account that a channel down pattern has been spotted, connect the December high and low levels to draw it. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT.
The 200-hour simple moving average provided the GBP/USD with support. The rate fluctuated above the SMA since the middle of Friday. On Monday, the rate bounced off the SMA and surged up to the 1.3060 level, managing to pass three technical resistance levels. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI will be
The decline of the GBP/USD currency exchange rate has reached the support of the 200-hour SMA. Moreover, the decline was expected to continue. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. On the same day, the FOMC Meeting Minutes will be published at 19:00 GMT. Next week, data releases will start on
The GBP/USD has been retreating since the start of the year's trading. By the middle of Thursday's London trading hours, it was expected that the pair could reach below the 1.3200 level. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will be published at
During today's morning, the GBP/USD exchange rate was testing the resistance level formed by the monthly R2 at 1.3115. If the given resistance holds, it is likely that the British Pound could depreciate against the US Dollar in the short run. Economic Calendar This week, the are three scheduled events that could impact on the GBP/USD rate. On Tuesday, December 31, the US CB
During today's morning, the GBP/USD exchange rate was testing the 200-hour SMA at 1.3053. If the given moving average holds, it is likely that a reversal south could occur. Otherwise, the rate could continue to extend gains. Economic Calendar This week, there are no events left that could affect the GBP/USD rate. Next week, the are three scheduled events that could impact on the
During the first half of Monday, the GBP/USD exchange rate dropped to the Fibo 38.205 at 1.2918. If the given support level holds, it is likely that a reversal north could occur in the nearest future. Economic Calendar This week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled event historical data tables
As expected, the GBP/USD reached the 1.3028 level. Moreover, the 1.3000 mark was touched two times during Thursday's trading. The support of the 1.3000 managed to cause a surge, which by the middle of Friday's trading had encountered technical resistance. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales release on Thursday at 09:30 GMT.
On Thursday, the GBP/USD exchange rate was declining, as the 55-hour simple moving average had provided resistance. At the start of the second half of London trading session, the pair was reaching new low levels and was expected to reach a pivot point at 1.3028. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales release on
On Wednesday, the GBP/USD was testing the support of a weekly pivot point at 1.3090. If the pivot point would fail to keep the rate from declining further, next up the monthly pivot at 1.3028 could be targeted. Economic Calendar On Thursday, at 09:30 GMT, the United Kingdom Retail Sales data will be made public. The Retail Sales could cause a move from
By the middle of Tuesday's London trading hours, the GBP/USD had reached the level, where it was located before Boris Johnson's Conservative election victory. In general, the rate was expected to continue to decline until it reaches technical support levels near 1.3115. Economic Calendar On Wednesday, the UK CPI is scheduled to be released at 09:30 GMT. This event could create a move
During Monday morning, the GBP/USD exchange rate was trading at the 1.3350 level. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail in the market. On the other hand, some volatility could occur due to the UK Bank Stress Test Results release at 16:00 GMT. Economic Calendar This week, the data that might
The Prime Minister of the United Kingdom Boris Johnson announced on Friday that the UK would leave the EU by January 31. The announcement was made, as his Conservative party won the election with a majority not seen since the 1980s. The GBP surged on the announcement, as it brought back certainty of the country's future. UK Election causes a surge On Thursday,
On Thursday, the GBP/USD touched the support of the 1.3120 level. During the second part of London trading hours, the pair bounced off this level and began to test the resistance of the 55-hour simple moving average. Meanwhile, as the UK general elections were taking place, our analysts expected that all technical levels would be ignored by the rate. The results