uring Friday's London morning trading hours, the GBP/USD was approaching the previously touched low level of 1.2160. In general, the rate was expected to be pushed down by simple moving averages through the 1.2160 level's support. Pound depreciates on possible Parliament suspension On Wednesday morning, August 28, the British Pound depreciated 129 pips or 1.05% against the US Dollar. The reason
Immediately after publishing yesterday's report, the GBP/USD passed support levels and extended its decline as low as 1.2160. The move was fundamental, as Boris Johnson made request that would neutralize interference into Brexit by the UK Parliament. In general, on Thursday morning the rate had already consolidated the decline and resumed to trade downwards. Pound depreciates on possible Parliament suspension On Wednesday morning,
The high volatility of the GBP/USD continued on Wednesday, as the rate plummeted during the late Asian trading session. Namely, the pair dropped down to the support of the 1.2220 level. At that level a weekly pivot point paused the decline. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves
On Tuesday, the GBP/USD surged due to the support of the 100-hour simple moving average, which stopped the decline of the rate at 1.2210. In general, it was expected that the surge could eventually reach the 1.2300 level. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves on GBP/USD charts from
After reaching a new high level at 1.2300 on Friday, the GBP/USD began a decline. On Monday morning, the rate had retreated down to the support of the 55-hour simple moving average at the 1.2240 level. Economic Calendar On Monday, at 12:30 GMT the US Durable Goods Orders and Core Durable Goods Orders data will impact the pair. Although this event is marked as
The support of the 200-hour SMA was strong enough to cause the start of a surge, which, enforced by fundamentals, managed to push the rate up to a weekly pivot point at the 1.2274 level. By the middle of Friday's trading session the currency rate had retreated down to the 1.2200 level, which was providing psychological support. Economic Calendar There are no more
After failing to pass the 1.2180 level, the GBP/USD declined to start trading in a 30 pip range between 1.2110 and 1.2150. On Thursday morning, it could be observed that the rate had found support in a combination of the 200-hour simple moving average and a weekly pivot point near 1.2110. Economic Calendar There are no more data releases or other events scheduled
On Wednesday, the GBP/USD was making attempts to pass the resistance provided by the 1.2180 level. If the rate would manage to break this level, it could surge up to the 1.2200 level. Economic Calendar Note, that the FOMC Meeting Minutes will be published on Wednesday at 18:00 GMT. The publication of the text has since January caused moves from 9.2 to 22.5
During today's morning, the GBP/USD exchange rate declined to the 1.2000 level. It is likely, that some downside potential could prevail in the market in the nearest future, as the rate is pressured by the 55-, 100- and 200-hour SMAs, as well the weekly PP. Economic calendar Note, that the FOMC Meeting Minutes will be published on Wednesday at 18:00 GMT. The publication
As apparent on the chart, the GBP/USD exchange rate was not able to surpass the psychological level at 1.2160.During Monday's morning, the rate was trading at the 1.2120 level. Note, that the currency pair is supported by the 55-, 100- and 200-hour SMAs, thus, a reversal north could occur. Economic calendar Note, that the FOMC Meeting Minutes will be published on Wednesday
The almost week long sideways trading of the GBP/USD has ended. Namely, the pair broke the 1.2100 resistance and surged to the 1.2150 level. On Friday morning, the rate had already retraced back down and found support at 1.2080. The support levels managed to cause a surge by the middle of the day's London trading session. In regards to the short term
The GBP/USD has continued to trade in the previous trading sessions' range. Namely, it made another failed attempt to surge before retracing back down to the 1.2050 level. Meanwhile, it was spotted on Wednesday that the currency exchange rate faces psychological resistance provided by the 1.2100 level. Previously it was not spotted, as at that level the 55 and 100-hour SMAs
The GBP/USD has managed to pass the resistance of the 55-hour SMA and traded sideways during the 24 hours up to 10:00 GMT, on Wednesday. At that time the rate was located at technical resistance levels near 1.2090. The future scenarios were based on what will happen at this level. US and UK Retail Sales On Thursday, UK Retail Sales will be published
The surge of the GBP/USD was stopped by the 55-hour simple moving average, which started to push the rate down. By the middle of London's trading session the rate had been pushed by the SMA to the 1.2070 level and was expected to continue to push the pair down. US CPI incoming On Tuesday, at 12:30 GMT the US CPI is set to
On Monday, the GBP/USD began a surge that was caused by meeting the historical low level at 1.2020. By the middle of London's trading session the rate was aiming at a resistance cluster at 1.2090. US and UK CPI and Retail Sales During this week there are five scheduled government macroeconomic data releases, which might cause sudden moves in the GBP/USD. On Tuesday morning,
The GBP/USD has dropped down to the historical low level of 1.2090. The move broke the ascending channel pattern of the hourly candle chart. The decline occurred, as soon as the pair failed to properly break the resistance of the 200-hour simple moving average. The rate only pierced this level. Meanwhile, note that the move was still consistent with the pattern of
The ascending pattern on the hourly candle GBP/USD chart held its ground and has pushed the rate higher. Moreover, during Thursday's London trading morning hours the rate was trading amidst the hourly simple moving averages, which were the last resistance to the rate before the pivot point at 1.2212. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data,
On Wednesday, the GBP/USD passed the support of the 55 and 100-hour simple moving averages. Afterwards, the rate touched the lower trend line of an ascending channel pattern at 1.2135. In accordance with the pattern, the rate should begin a surge. Although, a move upwards would face the 55, 100 and 200-hour simple moving averages at 1.2146, 1.2159 and 1.2197. Latest Fundamental
Since the middle of Thursday's trading session the GBP/USD has been making attempts to pass the resistance of the 55-hour simple moving average. In general, the rate was expected to be pushed down as soon as the 100-hour simple moving average approaches and provides additional technical resistance. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which
Since the middle of Thursday's trading session the GBP/USD has been making attempts to pass the resistance of the 55-hour simple moving average. In general, the rate was expected to be pushed down as soon as the 100-hour simple moving average approaches and provides additional technical resistance. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came
Due to the announcement of the head of the Federal Reserve the GBP/USD dropped. Namely, it was announced that there will most likely be no more rate cuts this year. From a technical perspective, the rate was fluctuating above the support of the 1.2100 level. In general, the rate was expected to continue to decline, as soon as it is approached
As expected, the GBP/USD has traded sideways below the weekly S3 at 1.2186 and above the 1.2150 level. The currency exchange rate is expecting the central bank announcements of this week. Namely, the FOMC announcements will be made on Wednesday at 18:00 and Bank of England on Thursday at 11:00 GMT. Main focus on central banks This week top attention will be
On Tuesday, the GBP/USD continued to plummet, as the rate reached the 1.2120 level during the early London trading hours. In general, the rate has no technical support levels and decline. On the other hand, note that the rate is expecting the announcements of the Federal Reserve and the Bank of England on Wednesday and Thursday. Latest Fundamental Event Report The Bureau of Economic
On Thursday, the GBP/USD exchange rate dropped to the support level at 1.2426. During today's morning, the rate was testing the given level.If the given support level holds, a reversal north is expected in the nearest future.Latest Fundamental Event Report The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 08:30 GMT. The GBP/USD