After finding support in the 1.3800 mark on Wednesday, the GBP/USD currency exchange rate surged to the 1.3850 level. This level provided enough resistance for a decline to begin. By the middle of Thursday's European trading hours, the rate was aiming at the support of the 1.3800 mark. Economic Calendar On Thursday, at 12:30 GMT, the US Retail Sales and
The GBP/USD currency exchange rate found support in the 1.3800 level just after GMT midnight to Wednesday. At mid-day the pair was testing and piercing the resistance of the 55, 100 and 200-hour simple moving averages in the 1.3825/1.3840 zone. Economic Calendar On Wednesday morning, the Pound's traders are bound to watch the publication of United Kingdom's Consumer Price Index
On Tuesday, the GBP/USD currency exchange rate surged and touched the 1.3880 level. The zone above this level has kept the currency pair down throughout September. Economic Calendar The week's notable events will start on Tuesday. At 12:30 GMT, the US statisticians are scheduled to publish the monthly Consumer Price Index and Core Consumer Price Index data. The GBP/USD has
The GBP/USD passed all technical resistance levels up to the September high level zone. On Friday morning, the rate was testing the resistance of the zone. Future forecasts depended on whether the resistance holds. Economic Calendar On Friday, the rate could move due to the publication of the US Producers Price Index at 12:30 GMT. GBP/USD short-term review In the case that
On Wednesday, the GBP/USD found support in the 1.3730 level and started a surge. The surge ignored most technical levels or broke their resistance with ease. By the middle of Thursday's European trading hours, the rate had reached the 100-hour simple moving average near 1.3810. Economic Calendar On Friday, the rate could move due to the publication of the US
On Wednesday morning, the GBP/USD currency exchange rate passed the support of the 1.3770/1.3785 zone. The zone had kept the rate from declining since the middle of Tuesday's trading. Economic Calendar This week, the GBP/USD could react to the Monetary Policy Report Hearing on Wednesday 15:00 GMT. The Bank of England Governor and Monetary Policy Committee members are set to
At mid-day on Tuesday, the GBP/USD currency exchange rate broke the lower trend line of the channel up pattern, which had guided the rate since the middle of August. In the near term future, the pair was expected to reach for the support of the 1.3770/1.3785 zone. Economic Calendar This week, the GBP/USD could react to the Monetary Policy
The release of worse than expected US employment data caused a surge of the GBP/USD on Friday. The surge was stopped by the upper trend line of the channel up pattern, which has guided the rate since the middle of August. The event was followed up by a decline. On Monday morning, the decline was heading for the combined
The GBP/USD currency exchange rate managed to pass the resistance of the 1.3800 level. It resulted in a sharp surge, which stopped, as it approached the 1.3850 mark. Afterwards, the GBP consolidated its gains against the US Dollar by retracing down. On Friday morning, the decline found support in the weekly R1 simple pivot point at 1.3826. Economic
The rate surged and passed resistance levels on Wednesday, as the US ADP payrolls caused a decline of the USD. The surge of the GBP/USD was stopped by the 1.3800 level. A follow up decline eventually found support in the 55-hour simple moving average near 1.3765. Economic Calendar The top day for fundamental event watchers will be Friday. On
The rate's two attempts to pass the 1.3800 mark failed and a decline followed. On Wednesday morning, the GBP/USD currency exchange rate found support in the lower trend line of the channel up pattern, which has guided the pair since August 19. Economic Calendar This week, the GBP/USD could be impacted by the release of the US ISM Manufacturing
The GBP/USD has passed the August high level zone and reached the 1.3800 level. During Tuesday's early London trading hours, the rate had retraced back down and looked for support. Economic Calendar This week, the GBP/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at 14:00 GMT. The top day for
On Monday morning, the GBP/USD currency exchange rate was testing the resistance of the August high level and the 1.3780 mark. In the meantime, the most close by technical support levels were located near the 1.3735 level. Economic Calendar This week, the GBP/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on
On Thursday, the British Pound fell by 66 pips or 0.48% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session. Economic Calendar GBP/USD short-term review Given that a breakout has occurred, sellers are likely to continue to pressure the exchange rate lower during the following trading session. The potential
On Wednesday, the British Pound surged by 62 pips or 0.46% against the US Dollar. The currency pair breached the weekly resistance line at 1.3750 during Wednesday's trading session. Economic Calendar On Thursday, the US Preliminary GDP could cause a notable reaction in the markets. GBP/USD short-term review All things being equal, the exchange rate could continue to trend higher in
Since the middle of Monday's trading, the GBP/USD has continued to trade between the 1.3700 and 1.3750 levels. On Wednesday morning, the rate was approached by the support of the 55-hour simple moving average near 1.3710 and the 200-hour simple moving average at 1.3740. Economic Calendar On Wednesday, US Durable Goods Orders release at 12:30 GMT could cause
The recovery from the support of the 1.3600 mark broke one resistance level after another. However, by the middle of Tuesday's European trading hours, it appeared that the GBP/USD had ended its surge. Namely, the rate had bounced off the 1.3750 mark and declined to 1.3700. Economic Calendar On Wednesday, US Durable Goods Orders release at 12:30 GMT
The decline of the GBP/USD recovered after reaching the 1.3600 level. By the middle of Monday's European trading hours, the currency exchange rate had recovered to the 1.3660 level. In addition, analysts have spotted a new channel down pattern on the pair's hourly candle chart. Economic Calendar On Wednesday, US Durable Goods Orders release at 12:30 GMT could
The British Pound plummeted by 110 pips or 0.80% against the US Dollar on Thursday. A breakout occurred through the lower boundary of a descending channel pattern during Thursday's trading session. Economic Calendar On Friday, the UK Retail Sales could cause a move from 7.4 to 20.6 pips at 06:00 GMT. GBP/USD short-term review Given that a breakout has occurred,
Since the second half of yesterday's trading session, the British Pound has declined by 58 pips or 0.42% against the US Dollar. The currency pair tested the lower line of a descending channel pattern at 1.3714 on Thursday morning. Economic Calendar On Thursday, the US Unemployment Claims could cause a move from 9.5 to 22.8 pips. On Friday,
Bearish sentiment pressured the GBP/USD currency pair on Tuesday. As a result, the British Pound sank by 114 pips or 0.83% against the US Dollar during Tuesday's trading session. Economic Calendar Wednesday would start with the UK Consumer Price Index at 06:00 GMT. This event has created moves from 8.8 to 13.2 pips. On the same day, at 18:00
The 200– hour simple moving average pressured the GBP/USD currency pair on Monday. As a result, the Pound Sterling declined by 44 pips or 0.31% against the US Dollar. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to
The GBP/USD currency pair bounced off a support level at 1.3800 on Friday. As a result, the British Pound surged by 76 pips or 0.55% against the US Dollar during Friday's trading session. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have
On Thursday, the British Pound declined by 82 pips or 0.59% against the US Dollar. The currency pair tested the weekly S2 at 1.3801 during Thursday's trading session. Economic Calendar GBP/USD short-term review Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to trend lower during the following trading session. However, the