Volatility remains high on the GBP/USD charts. The main reason for it is the turmoil in the UK Parliament, as the United Kingdom lawmakers cannot agree on a common course in regards to the country's membership in the European Union. On Friday, the Parliament was set to vote on whether to extend the Brexit deadline. Previously, the lawmakers denied an updated
The GBP/USD is being dictated by the turmoil occurring in the UK's Parliament. Namely, the rate was trading with high volatility after the Parliament declined Theresa May's updated Brexit deal. On Wednesday, the Parliament was set to vote on whether to leave the EU without a deal or ask for an extension of the deadline. Due to that reason the technical analysis
On Tuesday, the volatility caused by Brexit announcements was massive. During the morning hours the rate had jumped up almost touching the 1.3300 level. Afterwards, by the middle of the day, the rate had fallen down to the 1.3000 level. An almost three hundred pip move had happened during a couple of hours. This rate remains still highly volatile due to
On Monday, the GBP/USD traded below the 1.3000 level. However, it could be noticed that the rate was most likely going to retrace back upwards. Namely, it had encountered the support of a descending pattern, which had forced the pair into a retracement that had no resistance as high as the 1.3058 level. Busy start of the week This week will be
On Friday, the GBP/USD was consolidating the previous decline. Besides that, the previous targets were hit early on Thursday. In general, after a period of trading sideways the rate should continue to decline. Meanwhile, note that the US employment data sets might slightly influence the GBP/USD from the USD side. US data on Friday will impact the GBP/USD On Friday, Canada and the
The GBP/USD broke a support line on Thursday, signaling that this highly fundamental event affected currency exchange rate is set to decline. Namely, it should first touch the pivot point at 1.3130. If that PP gets passed, the next target will be the weekly S1 at 1.3060. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed
A new low level has been reached by the GBP/USD currency exchange rate. Namely, on Tuesday morning the rate had reached below the low level of 1.3160. The rate was expected to continue the descent after retracing back up to two technical resistance levels at 1.3205. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed officials
The decline of the GBP/USD paused on Monday, as the currency exchange rate traded sideways. Although, the decline was expected to continue in the near future. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates. "Almost all
During the first half of Friday's trading session, the GBP/USD was declining. The pair had reached down to the 1.3240 level, where it had stopped at a significant technical level. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to
On Thursday, the GBP/USD was consolidating its gains by trading sideways. The sideways trading was expected to end as soon as the 55-hour simple moving average approaches the currency pair from the below. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their
The Pound has initiated a fundamental surge because of Brexit associated news. The surge reaches one target after another in steady surges. Meanwhile, the technical levels are only causing short term pauses, which quickly end. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced
The GBP/USD is jumping, it is breaking one resistance level after another, as the moves are caused by Brexit associated announcements. In general, concentrate on the news instead of the technical charting methods. The reason for this is the fact that all technical methods concentrate on historical data. At the moment we are experiencing an unprecedented event, which each market participant
On Monday the GBP/USD was making attempts to once more surge. The pair was making attempts at breaking the resistance presented by the 1.3100 level. If that level would be broken, the weekly R1 at 1.3150 will be aimed at. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The GBP/USD has dropped down the technical levels, which kept it up throughout the last couple of trading sessions. On Friday, the pair had retreated down to the 100-hour SMA at 1.3010. If this support gets passed, the rate would drop down to 1.2975 where a weekly pivot point is located at. Latest Fundamental Event The Federal Reserve released on Wednesday the US
The GBP/USD has traded around the weekly R2 at 1.3060. In general, the pair has been consolidating its gains, which were gained during the Tuesday's jump. Meanwhile, take into account that on Thursday the pair was being supported by the 55-hour simple moving average, which was located at 1.3030. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes
Another sudden sharp move has occurred due to a fundamental announcement. Namely, Theresa May is visiting Brussels. This announcement and all the information that surrounds it caused optimism in the GBP, which propelled the currency exchange rate to surge above the 1.3060 level. Note that the results of today's talks are still set to be revealed. Combine that with the FOMC Meeting
Main focus on Tuesday morning was on the UK's Average Earnings Index, which caused a small increase of volatility on all GBP pairs. Although, only a minute after the data was published the GBP pairs were back near previous levels. The GBP/USD was not an exception to the rule. The review of the event will be available soon in the fundamental
The GBP/USD has jumped to the 1.2940 level on Monday. The rate has surged almost 1.30% during the last three trading sessions. By the middle of the day's trading the pair was signalling that it might reach even higher, as soon as it consolidates its recent gains. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales
On Friday, the British Pound was located below the weekly S1 at the 1.2805 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank Rate data release on
On Thursday, the British Pound passed the support level of the 62.30% Fibonacci retracement level at the 1.2864 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank
On Wednesday morning, the GBP/USD trades between the 55-hour and the 100-hour simple moving averages at the 1.2880 level. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank Rate
The previous low target of the GBP/USD has been reached. Moreover, the pair had reached 30 pips below the previously set target by touching the 1.2830 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US
The GBP/USD started the week by trading near the resistance of a monthly pivot at 1.2925. Meanwhile, the currency exchange rate had no technical support as low as the 1.2865 level. Although, by the middle of the day's trading session it was spotted that the 1.2900 level was providing a psychological support to the currency exchange rate. Latest Fundamental Event The Federal Reserve
Unsurprisingly the GBP/USD has made another sudden jump upwards before continuing to decline. This time just after the decline caused by the Bank of England the rate began to surge. Our analysts looked into the news feeds at the time and it was found out that there were news that were considered positive in regards to the Brexit deals. Namely, Theresa May