The GBP/USD was recovering on Wednesday in a sharp move upwards. Namely, by the middle of Wednesday's London trading session the currency exchange rate had reached the combined support of the 100 and 200-hour simple moving averages at 1.2485. 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 was recovering on Wednesday in a sharp move upwards. Namely, by the middle of Wednesday's London trading session the currency exchange rate had reached the combined support of the 100 and 200-hour simple moving averages at 1.2485. 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.
During Tuesday morning, the GBP/USD currency pair tried to surpass the psychological level at 1.2420. 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 exchange currency rate gained 12 pips or 0.10% right after the release. The British Pound continued trading at the 1.2480 level
During Monday morning, the GBP/USD exchange rate was testing the support cluster formed by the 55-, 100- and 200-hour SMAs, as well the weekly PP in the 1.2469/1.2505 range. 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 exchange currency rate gained 12 pips or
On Friday morning, the GBP/USD traded at the 1.2540 level. The rate had made failed attempts to pass the resistance of the 1.2560 level. In general, the rate was expected to resume its surge after it consolidates after the sharp surge that was caused by the Federal Reserve hinting rate hikes on Thursday. Latest Fundamental Event Report The British Pound appreciated against
On Thursday, the GBP/USD surged up to the 1.2490 level in a sharp move that occurred as soon as the resistance of the 55-hour simple moving average was passed. At the 1.2490 level the rate was stopped by the combination of the 100 and 200-hour simple moving averages and a weekly pivot point. Latest Fundamental Event Report The British Pound traded depreciated
By the middle of Wednesday's trading, the decline of the GBP/USD had touched the low level of 1.2382. If one zooms out the hourly chart and loads previous price information for exact referencing of trend line, it can be seen that the rate met with a strong support cluster. The support cluster is made up of a dominant pattern's lower trend
Due to fundamentals, the GBP/USD plummeted on Tuesday. Although, the decline occurred in the aftermath of the rate passing most technical support levels. By the time of publication the GBP/USD rate had reached the 1.2420 level. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic and
The squeeze between the 55 and 200-hour SMAs resulted in a break out to the upside. The surge reached the 1.2580 level before the rate retraced back down. On Monday, the GBP/USD had found support near 1.2550 and was expected to surge. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth
The GBP/USD has broken the previously active descending channel pattern. The event resulted in a test of the 1.2570 level, which managed to hold and cause a decline. By the middle of Friday's trading session, the GBP/USD was about to get squeezed in between the 55 and 200-hour simple moving averages near the 1.2530 level. Latest Fundamental Event Report The Federal Reserve
During Thursday's morning London trading hours, the surge of the GBP/USD was about to touch a resistance cluster at the 1.2545 level. At that level a monthly pivot point, upper trend line of a descending channel pattern and the 200-hour simple moving average will meet at midday. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following
The GBP/USD reached the target support levels at 1.2440. The support levels were tested two times by the middle of Wednesday's trading session. The tests were followed by a failure, which resulted in a surge that reached technical resistance at 1.2490. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of
The decline of the GBP/USD reached the previously set targets, as it reached the 1.2488 level on Tuesday morning. Moreover, the pair passed the support levels near 1.2480 and was set to reach the 1.2440 level, where it would be met by two technical support levels. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data,
On Monday, the GBP/USD was declining in accordance with the morning's daily short term Technical Analysis publication. In general, the rate was expected to gradually reach the 1.2490 level. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data , which came out better-than-expected of 244K compared with the forecast of 162K. According to the official release:
During today's morning, the GBP/USD exchange rate tumbled to the support level - the monthly S1 1.2545. If the given support level does not hold, it is expected, that bears could continue to prevail in the market. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT.
During Thursday's morning, the GBP/USD exchange rate traded sideways around the psychological level at 1.2580. It is likely, that the rate could go downside, as it is pressured by the 55-hour moving average at 1.2594. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD
During Wednesday's morning, the GBP/USD exchange rate declined to the psychological level at 1.2560. It is likely, that the rate could maintain its decline. In this case, the rate could seek support at 1.2545 by the monthly S1. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT.
By the middle of Tuesday's London trading the GBP/USD had touched a new low level by reaching the 1.2620 mark. In general, the pair was expected to continue to decline, as it had to technical support as low as the 1.2594 level. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on
On Monday, the GBP/USD dropped down to the 1.2640 level due to the strength of the USD. Namely, the renewal of US-China trade talks resulted in a surge of the US Dollar. Latest Fundamental Event Report The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate gained
On Friday morning, the GBP/USD exchange rate reversed north from the support level formed by the 200-hour SMA and the weekly PP at 1.2669. The rate could maintain its growth in the short term. However, note, that the currency pair is pressured by the 100-hour SMA at 1.2703. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following the UK
On Thursday morning, the GBP/USD traded below the 1.2700 level. The rate had continued to fluctuate between the support of the weekly pivot point at 1.2669 and the psychological resistance of 1.2700. In general, the rate was expected to get squeezed in between the support of the mentioned pivot point and the 200-hour simple moving average and the resistance of
After a short lived piercing of the 1.2760 level the GBP/USD began a decline, which on Wednesday had reached the 1.2669 level. At that level it met with the support of a weekly pivot point. The future forecasts were based on what will happen at the pivot point. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following
On Tuesday morning, the GBP/USD was testing the resistance of the 1.2760 level. In general, the rate was expected to pass this level sooner or later. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary and Official Bank Rate data releases on Thursday at 11:00 GMT. The GBP/CAD exchange currency rate lost 29
On Monday morning, the GBP/USD was testing the resistance of a historical high level at 1.2760. In general, the favoured forecast was that the 55-hour simple moving average will push the rate through this level to face the resistance of a monthly pivot point at 1.2792. Latest Fundamental Event Report The British Pound depreciated against the US Dollar, following the UK Monetary