On Monday morning, the GBP/USD broke the resistance levels that were located from 1.2940 to 1.2960. This resulted in a sharp surge that by 09:00 GMT managed to reach above the 1.3000 mark. In the near term future, the rate was expected to test the monthly pivot point at 1.3028 and the weekly R1 pivot point at 1.3049. Economic Calendar On
On Friday morning, the GBP/USD was heading for the resistance of the 55 and 200-hour simple moving averages that were located above the 1.2950 mark. In the near term future, the rate was expected to test these technical levels. Economic Calendar On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most cases
In the aftermath of Wednesday's sharp surge, the GBP/USD began a retracement back down. By the middle of Thursday's GMT trading hours, the rate had reached the 1.2940 level. On Wednesday, October 14, the British Pound extended gains against the US Dollar. The GBP/USD exchange rate gained 1.39%. It is likely that the Pound has been appreciating, as the
On Wednesday, it was announced that the Prime Minister of the United Kingdom Boris Johnson would prolong the deadline of the UK and EU trade talks. The announcement caused a 150 pip surge. A detailed report was set to be published in the Expert Commentary section. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT.
On Monday morning, the GBP/USD bounced off the resistance of the channel up pattern and passed the support of the monthly pivot point at 1.3028. In the near term future, the pair was expected to reach for the support of the weekly simple pivot point and the 55-hour simple moving average near 1.2980. Economic Calendar The week's notable events are set to
The speech of the Governor of the Bank of England Bailey on Thursday morning caused a decline of the GBP/USD. However, the decline was stopped by the lower trend line of the channel up pattern and a pivot point at 1.2890. On Friday morning, the rate had returned to the 1.2960 level and once again had no resistance as high
Despite piercing the lower trend line of a channel up pattern on Wednesday, the rate managed to find support at 1.2850 and surge. During Thursday's European morning trading hours, the currency exchange rate had passed the resistance of two SMAs and was surging above the 1.2950 level. Economic Calendar On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause
The main update in regards to the GBP/USD was the reveal of a channel up pattern, which has guided the rate since the end of September. In the meantime, note that the rate was being impacted by the hourly simple moving averages. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication
The surge of the GBP/USD encountered the resistance of the 1.3000 level. On Tuesday morning, the rate bounced off this level and retreated to 1.2960. In the near term future, the pair was expected to be approached by the additional support of the 55 and 100-hour simple moving averages, which could cause a surge. Economic Calendar On Wednesday, note that some calendars
On Monday, the GBP/USD currency exchange rate traded in the 1.2900 and 1.2960 range. In the meantime, the pair was being approached by the additional support of the 55 and 100-hour simple moving averages. In the near term future, the rate was expected to surge, as it had no technical resistance as high as 1.3030. Economic Calendar Pay attention to the economic
The GBP/USD is breaking patterns and trading with high volatility. Swings of 100 pips down and up are normal. The reason for the moves are Brexit negotiation news. Namely, the EU and UK have failed to negotiate a trade deal and a hard Brexit scenario is once again highly likely. Economic Calendar The week will end with a monthly data release.
On Thursday morning, the GBP/USD currency exchange rate plummeted, as it was announced that the EU and UK trade negotiators had failed to make a deal. At 09:00 GMT, the currency exchange rate was heading to the combined support of the 200-hour SMA and a weekly simple pivot point at 1.2800. Economic Calendar On Thursday, as always the US Unemployment Claims at
On Wednesday morning, the GBP/USD currency exchange rate traded between the support of the 200-hour simple moving average and the resistance of the 55-hour SMA. In the near term future, the rate was expected to be approached by the 100-hour simple moving average. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. For
The GBP/USD broke the resistance levels at 1.2800 and at 1.2835. Namely, the rate reached the 1.2925 level on Monday. However, after touching the high level, the rate retraced back down. On Tuesday, the rate was consolidating by trading with 50 pip volatility above the support of 1.2835 level. Economic Calendar The week will start with a long forgotten data release. The
Since the early GMT trading hours of Friday, the GBP/USD has been fluctuating between the support of the 1.2700 level and the resistance of 1.2800. On Monday morning, the currency exchange rate was testing the resistance of the weekly simple pivot point and the 1.2800 level. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP
The 55-hour SMA failed to continue to push the GBP/USD down. Late on Thursday, the resistance level was passed. Moreover, on Friday, the currency exchange rate reached the resistance of the weekly S1 simple pivot point at 1.2797. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP is scheduled to be published on
On Wednesday, the GBP/USD currency exchange rate recovered, as better than expected Purchasing Managers Index results were published. The recovery eventually reached the resistance of the 55-hour simple moving average, which kept the rate down. On Thursday morning, the pair traded between the support of the 1.2700 level and the 55-hour SMA at 1.2745. Economic Calendar On Thursday, as accustomed, at 12:30
On Wednesday morning, the GBP/USD was piercing one by one the technical support levels of the cluster of levels that was spread out from 1.2700 to 1.2675. As the rate continued to be beat down by the weakness of the GBP caused by an increase of coronavirus measures, the rate was expected to reach even lower levels. Economic Calendar Wednesday is a
The decline of the GBP/USD continued throughout Monday. Moreover, on Tuesday morning, the currency exchange rate pierced the 1.2750 level and shortly touched the 1.2714 level. In the meantime, it was spotted that the rate faced the resistance of the monthly S2 simple pivot point at 1.2835 level. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole
As the media revealed that the government of the United Kingdom was considering a reinstatement of the coronavirus lockdown, the GBP/USD plummeted. On Monday morning, the drop was stopped by the support of a monthly pivot point at 1.2835. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish
The GBP/USD currency exchange rate remains to trade below the psychological level at 1.3000. It is likely that the rate could gain support from the 55-hour SMA and trade upwards. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the
On Wednesday, the GBP/USD rate reached the 1.3000 level and bounced off its resistance and began a decline. On Thursday morning, the rate found support in the 55-hour simple moving average and retraced back up. In the near term future, it appeared that the 1.3000 would be tested once again. Economic Calendar On Thursday, the Bank of England is scheduled to make
On Tuesday, instead of reaching the pivot point at 1.2945, the GBP/USD bounced off the resistance of the 1.2920 level. This level had also kept the rate down on Monday. On Wednesday morning, the currency exchange rate traded sideways between the mentioned resistance and the support of the 1.2880 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and
On Tuesday morning, the GBP/USD currency exchange rate passed the 100-hour simple moving average's resistance. The resistance had caused a retreat back down to eh 55-hour SMA and monthly pivot point near 1.2830 on Monday. In the near term future, the rate was expected to aim at the resistance of the weekly simple pivot point at 1.2945. Economic Calendar During the week,