On Tuesday morning, the GBP/USD currency exchange rate passed the resistance of the weekly R1 simple pivot point at 1.3152. Moreover, afterwards the rate confirmed the technical level as a support. In regards to the future, the rate has no resistance as high as the 1.3215 level, where three levels could provide resistance. However, the 1.3200 mark could slow down
Since late Friday trading hours, the GBP/USD has been testing support levels from 1.3080 to 1.3090. In regards to the near term future, the scenarios were based upon what would happen at the technical support cluster. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all, note that
The surge of the GBP/USD reached the 1.3120 level before starting a decline back to the hourly simple moving averages. On Friday, the currency exchange rate was bouncing around between the support of the 55-hour SMA and the 200-hour SMA. Economic Calendar The week will end with the US Retail Sales data release on Friday at 12:30 GMT. Despite the next week having
The recovery of the GBP/USD continues, as the rate was soon expected to reach the 1.3100 level. Moreover, the currency exchange rate had passed a strong resistance cluster from 1.3060 to 1.3080. On Thursday, the rate had no technical resistance as high as the weekly R1 simple pivot point at 1.3166. Economic Calendar On Thursday, the US Unemployment Claims data might affect
On Wednesday morning, the GBP/USD confirmed a medium scale channel up pattern. The pattern's lower trend line caused a surge to the technical resistance levels that were located near the 1.3070 mark. In theory, the pattern should cause a larger decline. However, there is a strong resistance cluster from 1.3070 to 1.3090. Economic Calendar On Wednesday, the UK GDP data, as well
On Monday, the rate passed the resistance of the 200-hour SMA and the weekly simple pivot point near the 1.3075 level. Afterwards, the rate was pushed down by the combined resistance of the 55 and 100-hour SMAs at 1.3100. By the middle of Tuesday's GMT trading hours, the rate remained below the 1.3100 mark. Economic Calendar On Tuesday, the US Core PPI
Since the middle of Friday's GMT trading hours, the GBP/USD has trade below the technical resistance of the 200-hour SMA. Moreover, on Monday, the SMA was being strengthened by the weekly pivot point at 1.3074. Economic Calendar The week ahead is going to be relatively calm on the economic calendar. Most of the events, that could impact the markets, are from
The GBP/USD exchange rate reversed south from the psychological level at 1.3180. It is likely that the rate could face the resistance of the 55- and 100-hour SMAs and trade downwards. Economic Calendar On Friday, the US Employment data set release could be in the spotlight. The release is scheduled to 12:30 GMT. The week ahead is going to be relatively calm on
The GBP/USD exchange rate raised to the 1.3180 level. It is likely that the rate could face the resistance area formed by the 2020 high and the weekly R1 in the 1.3213/1.3244 range. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at
The GBP/USD exchange rate touched the 1.2980 level, however, it reversed north. It is likely that the rate could gain support from the 55- and 100-hour SMAs and trade upwards. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be issued at 12:15
The GBP/USD exchange rate is squeezed by the 55- and 100-hour moving averages, located circa 1.3050 and 1.3090 respectively. It is unlikely that the rate could decline below the weekly PP at 1.3013. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be
The GBP/USD exchange rate failed to exceed the 1.3150 level. It is likely that the rate could gain support from the 100-hour SMA and the weekly PP at 1.3013 and trade sideways in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to
The GBP/USD exchange rate continued to extend gains actively. During Friday morning hours, the rate was consolidating near the 1.3150 level. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey results at 14:00 GMT. Additionally, the US ISM
The GBP/USD exchange rate exceeded the weekly R2 at 1.2992. It is likely that some upside potential could prevail in the market, as the rate is supported by the 55-hour SMA. Economic Calendar On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to find
The GBP/USD exchange rate increased its gains and exceed the 1.2950 level. Meanwhile, note that the rate could face the resistance level formed by the weekly R2 at 1.2992. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a Rate Statement and Rate Announcement on Wednesday,
The GBP/USD increased its gains and reached the 1.2900 level. The 1.2900 was tested three times before a decline began on Tuesday. However, by the middle of the day's GMT trading hours, the decline was stopped by the 1.2850 level. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is
By the middle of Monday's GMT trading hours, the pair had reached the 1.2880 level. Its surge was stopped by the resistance of the daily candle chart's channel up pattern's upper trend line. In theory, the rate should consolidate by trading sideways or declining. Economic Calendar Notable macroeconomic events are set to start with the biggest and most important of them all,
The GBP/USD has continued to trade between the resistance of the weekly R2 at 1.2758 and the support of the 55-hour SMA and a monthly pivot point at 1.2727. In the meantime, the currency exchange rate revealed minor scale channel down pattern, whose resistance line could push the rate down. Economic Calendar There are no more notable events scheduled for this week.
Since the middle of Wednesday's GMT trading hours, the GBP/USD traded sideways between a pivot point at 1.2727 and the 1.2750 level. In the meantime, the currency exchange rate revealed minor scale channel down pattern, whose resistance line could push the rate down. Economic Calendar On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The surge of the GBP/USD ended at the 1.2765 level, where it tested the weekly R2 simple pivot point. The currency exchange rate failed to pass this level and began a decline. By the middle of Wednesday's European trading hours, the pair had reached the support of a 61.80% Fibonacci retracement level at 1.2646. Economic Calendar There are only couple of events
The surge of the GBP/USD currency exchange rate has reached the 1.2700 level, which provided resistance. Since early Monday morning, the rate had gained more than 1.50%. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will
On Monday, GBP/USD jumped. Namely, the currency exchange rate found support in 1.2520 and surged by one percent up to the 1.2646 level, where it met with the resistance of a 61.80% Fibo. In addition, during the surge the rate broke the resistance of a channel down pattern. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On
The GBP/USD exchange rate jumped to 1.2620 level, however, failed to exceed it. Given that the rate is pressured by the moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Next week is going to be relatively calm, as there are only couple of events that could affect the GBP/USD rate. On Thursday, the US
The GBP/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that some downside potential could prevail in the market. Economic Calendar On Thursday, the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. The week will end with the UK Retail Sales release at 08:30 GMT. Detailed data with moves in