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,
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