The GBP/USD ends the week with all patterns broken and Theresa May making statements that contradict her actions.
The volatility on the GBP/USD is large. In the matter of a day the currency exchange rate easily bounced up and down by hundred base points.
After reaching a new low level on Tuesday, the GBP/USD recovered some of the losses on Wednesday.
The pair has broken the support line of a medium scale pattern. The event occurred due to the additional technical resistance of the 55 and 200-hour simple moving averages.
The GBP/USD is dictated by various announcements and news about the Brexit deal.
After the highly volatile surge of Thursday GBP/USD had slowly retreated down to the 1.2800 level.
On Thursday another massive increase of volatility occurred on the GBP/USD due to the Brexit talks.
On Wednesday morning the GBP/USD traded still near the 1.2800 level.
After plummeting 286 base points on Thursday, the GBP/USD was recovering.
The government of the United Kingdom is failing on Thursday.
After jumping to the 1.3040 mark the GBP/USD was plummeting by the middle of Wednesday's trading session.
During the last 24 hours GBP/USD has surged. It is expected that the rate will test resistance levels at 1.2920.
The GBP/USD has plummeted downwards faster than it was previously expected.
The GBP/USD is declining on Friday. Moreover, it has no technical support as low as the 1.2975 mark.
On Thursday, the Pound had retreated to levels below the 1.3100 mark by the middle of the London session.
The surge of the GBP/USD has continued due to both technical and fundamental reasons.
The 55-hour simple moving average has been pushing the GBP/USD higher and higher each consecutive day.
The GBP/USD has started the week's trading with a gap upwards.
On Friday, GBP/USD traded above the 1.30 mark after the massive gains of Thursday.
On Thursday the long awaited surge of the GBP/USD occurred.
The GBP/USD reached and even passed the previously set target of 1.2710.
The decline of the Pound continues, as the 1.2710 level was targeted next.
A new low level has been reached by the GBP/USD.
The decline of the GBP/USD continues, as expected, gaining new low levels.