The GBP/USD has been trading near the 1.2800 level since reaching it on Thursday. By large the situation had not changed on Monday morning. Meanwhile, the resistance of the 1.2850 mark, which kept the pair down on Friday, was approached by the 55-hour simple moving average. Economic Calendar During the week, noteworthy events start on Wednesday, 06:00 GMT, at that time,
The GBP/USD tested the resistance of the 55-hour SMA and the pivot point at 1.3000 level. These levels eventually caused a sharp decline, which reached the 1.2800 level. On Friday morning, the pair tested the resistance of the monthly S2 and weekly S3 simple pivot points near 1.2835. Economic Calendar The week will end with the publication of the US Consumer Price
The decline of the GBP/USD bounced off the support of the 1.2900 level. By the middle of Thursday's GMT trading hours, the rate had reached above the 1.3025 level. In the future, the decline was expected to continue, as there was no support as low as 1.2840. Economic Calendar On Thursday, at 12:30 GMT a group of minor US data sets is
The decline of the GBP/USD reached far lower than it was expected on Tuesday. Namely, on Wednesday morning, the pair was below the 1.2950 mark. In the future, the decline was expected to continue, as there was no support as low as 1.2840. Economic Calendar There are only couple events expected that could affect the GBP/USD rate. On Thursday, at 12:30 GMT a
During Tuesday morning GMT trading hours, the GBP/USD currency exchange rate passed the support of the weekly S1 simple pivot point that kept the pair up on Monday. In the near term future, the pair was expected to reach for the S1 monthly pivot point at 1.3103. Economic Calendar There are only couple events expected that could affect the GBP/USD rate. On Thursday,
On Monday, the GBP/USD dropped to the support of the weekly S1 simple pivot point at 1.3145. Near term forecasts were based upon what would happen at this level. In the meantime, the pair has broken a long term channel pattern. Economic Calendar There are only couple events expected that could affect the GBP/USD rate. On Thursday, at 12:30 GMT a group of
On Thursday, the GBP/USD exchange rate tested the support formed by the weekly and monthly PPs at 1.3250. Given that the rate is pressured by the 55- and 100-hour SMAs, it is likely that the rate could consolidate. Economic Calendar On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies
The 100-hour SMA failed to keep the rate up on Wednesday. On Thursday morning, the currency exchange rate was located at the 1.3280 level and had no technical support as low as a cluster of levels near 1.3250. Economic Calendar On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly US Unemployment Claims are set to
The surge of the GBP/USD managed to reach the 1.3480 level before a retracement back down started. By the middle of Wednesday's GMT trading hours, the rate's decline had been slowed down by the 55 and 100-hour simple moving averages. The near term forecasts were based upon what would happen at the support of the 100-hour SMA, which appeared to
On Tuesday morning, a new high was reached by the GBP/USD currency exchange rate, as the historical high of 1.3383 was passed and the 1.3440 level. In the near term future, the rate was expected to test the resistance of the weekly R1 simple pivot point at 1.3456. Economic Calendar On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is
On Friday, the GBP/USD exchange rate renewed the 2020 maximum at 1.3360. If the given level holds, it is likely that some downside potential could prevail. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing
On Friday, the GBP/USD traded above the previous high level of 1.3258, which was passed during the morning hours. In the near term future, the rate was set to test the 1.3300 level. What would happen afterwards was by large based upon the strength of the resistance of the 1.3300 level. Economic Calendar The first week of the month is upcoming. It
On Wednesday, the GBP/USD reached the targeted weekly R1 simple pivot point at 1.3222. In addition, on Thursday morning, the currency exchange rate started testing the combined resistance of the medium channel down pattern and the pivot point. Future forecasts were based upon what would happen at the resistance levels. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment
As forecast on Tuesday, the GBP/USD has passed the resistance of the technical levels that were located from 1.3110 to 1.3140. However, the breaking of the resistance levels did not result in the expected surge to the weekly R1 simple pivot point at 1.3220, as the 1.3160 level stopped the pair. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the
The GBP/USD trades between the support line of the medium scale channel down pattern and the resistance of hourly SMAs and a weekly simple pivot point. In theory, the rate should eventually pass the resistance levels and surge. Economic Calendar As the last week of the month, the following week is expected to be a quiet one. However, there are events
On Monday, the GBP/USD traded near the 1.3100 level. By the middle of the day's GMT trading hours, the rate was expected to test resistance levels at 1.3140. In the meantime, the currency exchange rate revealed a medium scale channel down pattern. Economic Calendar As the last week of the month, the following week is expected to be a quiet one. However,
The GBP/USD recovered to the 1.3250 level. On Friday morning, it was expected that the currency exchange rate would test previous high levels. Namely, the 1.3265 mark should provide resistance to the currency pair. FOMC Meeting Minutes Volatility increased and USD gained strength against all other financial assets, following the FOMC Meeting Minutes release on Wednesday at 18:00 GMT. According to the
Due to the FOMC Meeting Minutes, the GBP/USD dropped and erased previous gains, as the US Dollar strengthened against all other assets. On Thursday, the rate had almost reached the 1.3050 level. Economic Calendar On Thursday, the weekly US Unemployment Claims are set to be published at 12:30 GMT. The event has caused minor moves throughout July. Click on the link below to
Not only did the rate reach the 1.3215 level and break it, the pair pierced the 1.3250 level on Wednesday morning. On Wednesday, the 1.3265 level provided resistance, as the pair began to consolidate its gains by trading sideways. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of
On Tuesday morning, the GBP/USD currency exchange rate passed the resistance of the weekly R1 simple pivot point at 1.3152. Moreover, afterwards the rate confirmed the technical level as a support. In regards to the future, the rate has no resistance as high as the 1.3215 level, where three levels could provide resistance. However, the 1.3200 mark could slow down
Since late Friday trading hours, the GBP/USD has been testing support levels from 1.3080 to 1.3090. In regards to the near term future, the scenarios were based upon what would happen at the technical support cluster. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all, note that
The surge of the GBP/USD reached the 1.3120 level before starting a decline back to the hourly simple moving averages. On Friday, the currency exchange rate was bouncing around between the support of the 55-hour SMA and the 200-hour SMA. Economic Calendar The week will end with the US Retail Sales data release on Friday at 12:30 GMT. Despite the next week having
The recovery of the GBP/USD continues, as the rate was soon expected to reach the 1.3100 level. Moreover, the currency exchange rate had passed a strong resistance cluster from 1.3060 to 1.3080. On Thursday, the rate had no technical resistance as high as the weekly R1 simple pivot point at 1.3166. Economic Calendar On Thursday, the US Unemployment Claims data might affect
On Wednesday morning, the GBP/USD confirmed a medium scale channel up pattern. The pattern's lower trend line caused a surge to the technical resistance levels that were located near the 1.3070 mark. In theory, the pattern should cause a larger decline. However, there is a strong resistance cluster from 1.3070 to 1.3090. Economic Calendar On Wednesday, the UK GDP data, as well