The main forecast scenario of Monday became reality. The GBP/USD pierced resistance at 1.3075 and reached for the 1.3100 level, which pushed the rate down. In regards to the near term future, the rate will test the 1.3100 level. If the pair passes that level, it should test the technical resistance of the monthly pivot point at 1.3128. Latest Fundamental Event The Bureau
After reaching the pivot point at 1.3075 on Monday the GBP/USD currency exchange rate began a decline, which was being stopped by a psychological support level. Namely, the 1.3050 level was supporting the currency exchange rate. Latest Fundamental Event The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the US
GBP/USD has dropped below the technical support levels that are located in the range from 1.3095 to 1.3160. The event took place due to the announcement that Brexit could be delayed up to a year. This possible uncertainty caused the decline of the price of GBP. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current
The GBP/USD has traded sideways during the last twenty four hours. It has fluctuated above the 55 and 200-hour simple moving averages near 1.3140, Meanwhile, the 1.3200 level has been providing resistance to the currency exchange rate. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate
By the middle of Wednesday's trading session the GBP/USD was testing the resistance of the 1.3200 level. The rate could push through the resistance level as soon as the 55-hour simple moving average approaches from below. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost
The traders, who have continued to short the GBP/USD, were profiting on Friday, as the rate had declined down below the 1.3050 mark. Moreover, the pair had no more technical support as low as the 1.2950 level. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30 GMT. The GBP/USD exchange
As it was expected, although the technical charts signaled an upcoming surge the GBP/USD has declined due to a minor Brexit announcement. Namely, the UK Parliament denied all alternative Brexit deals. In the future the rate is still expected to follow the fundamental announcements. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on
As there were no new Brexit announcements, the GBP/USD has remained steady during the last twenty for hours. The rate has traded in the range from 1.3160 up to 1.3250. The sideways trading is expected to continue until the scheduled next Brexit vote occurs on Friday. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data
On Tuesday morning the GBP/USD was trading above a strong support cluster near 1.3200. In general, the rate was expected to surge. However, the rate's previous attempts to surge were stopped by the technical resistance of the 200-hour SMA at 1.3220. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30
On Friday the GBP/USD was trading near the 1.3100 level. In general, the rate was still mostly reacting to fundamental Brexit news. It makes sharp moves Brexit announcements. When the news have no new information, the currency exchange rate mostly trades sideways. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI data released on Wednesday at 09:30
Another drop of the GBP/USD was caused by a fundamental Brexit announcement. Namely, the Prime Minister of the United Kingdom announced requested an extension of the Brexit deadline. The GBP/USD started to plummet like a brick, as the PM did not announce a clear plan of action. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI
On Tuesday, the GBP/USD continued to trade below the 1.3300 level. Meanwhile, during the previous trading session the rate managed to confirm the lower trend line of an ascending pattern on the hourly chart. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Average Earnings Index release on Tuesday at 09:18 GMT. The GBP/USD exchange currency rate
On Monday, the GBP/USD bounced off the resistance provided by the 1.3300 level. By the middle of London trading session the rate had declined down to the 1.3215 level. In general, from a technical perspective the pair should stop at 1.3215, as the 100-hour simple moving average and the weekly pivot point were providing technical support at that level. Latest Fundamental Event The
On Friday the GBP/USD traded sideways, as the major voting in the UK Parliament had ended. Although, the politics continue. During the day's trading session various politicians continued to make statements about the future of Brexit. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK GDP data release on Tuesday at 09:30 GMT. The GBP/USD exchange currency
Volatility remains high on the GBP/USD charts. The main reason for it is the turmoil in the UK Parliament, as the United Kingdom lawmakers cannot agree on a common course in regards to the country's membership in the European Union. On Friday, the Parliament was set to vote on whether to extend the Brexit deadline. Previously, the lawmakers denied an updated
The GBP/USD is being dictated by the turmoil occurring in the UK's Parliament. Namely, the rate was trading with high volatility after the Parliament declined Theresa May's updated Brexit deal. On Wednesday, the Parliament was set to vote on whether to leave the EU without a deal or ask for an extension of the deadline. Due to that reason the technical analysis
On Tuesday, the volatility caused by Brexit announcements was massive. During the morning hours the rate had jumped up almost touching the 1.3300 level. Afterwards, by the middle of the day, the rate had fallen down to the 1.3000 level. An almost three hundred pip move had happened during a couple of hours. This rate remains still highly volatile due to
On Monday, the GBP/USD traded below the 1.3000 level. However, it could be noticed that the rate was most likely going to retrace back upwards. Namely, it had encountered the support of a descending pattern, which had forced the pair into a retracement that had no resistance as high as the 1.3058 level. Busy start of the week This week will be
On Friday, the GBP/USD was consolidating the previous decline. Besides that, the previous targets were hit early on Thursday. In general, after a period of trading sideways the rate should continue to decline. Meanwhile, note that the US employment data sets might slightly influence the GBP/USD from the USD side. US data on Friday will impact the GBP/USD On Friday, Canada and the
The GBP/USD broke a support line on Thursday, signaling that this highly fundamental event affected currency exchange rate is set to decline. Namely, it should first touch the pivot point at 1.3130. If that PP gets passed, the next target will be the weekly S1 at 1.3060. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed
A new low level has been reached by the GBP/USD currency exchange rate. Namely, on Tuesday morning the rate had reached below the low level of 1.3160. The rate was expected to continue the descent after retracing back up to two technical resistance levels at 1.3205. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed officials
The decline of the GBP/USD paused on Monday, as the currency exchange rate traded sideways. Although, the decline was expected to continue in the near future. Latest Fundamental Event The Federal Reserve released last Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates. "Almost all
During the first half of Friday's trading session, the GBP/USD was declining. The pair had reached down to the 1.3240 level, where it had stopped at a significant technical level. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to
On Thursday, the GBP/USD was consolidating its gains by trading sideways. The sideways trading was expected to end as soon as the 55-hour simple moving average approaches the currency pair from the below. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their