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
On Wednesday, the British Pound edged higher by 70 pips or 0.51% against the US Dollar. The currency pair breached the upper boundary of a descending channel pattern during Wednesday's trading session. Economic Calendar On Thursday, at 12:30 GMT, the US Producer Price Index is set to reveal more information about inflation in the United States. GBP/USD short-term review The exchange rate is
The British Pound has declined by 38 pips or 0.27% against the US Dollar on Tuesday. The currency pair was pressured lower by the 55– hour simple moving average during Tuesday' trading session. Economic Calendar On Wednesday, at 12:30 GMT, the US Core Consumer Price Index is bound to cause USD volatility, which could impact the GBP/USD. Afterwards, on Thursday,
The Pound Sterling edged lower by 45 pips or 0.32% against the US Dollar on Monday. The GBP/USD currency pair tested the weekly S1 at 1.3838 on Tuesday morning. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause
On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a surge of the US Dollar. The British Pound declined by 63 pips or 0.45% against the US Dollar during Friday's trading session. The currency pair breached the 55-, 100– and 200– hour SMAs on Friday. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at
The GBP/USD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.3883 on Thursday. As a result, the Pound Sterling surged by 54 pips or 0.39% against the US Dollar during yesterday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The
The British Pound declined by 63 pips or 0.45% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar On Thursday, the top event for the GBP is scheduled. At 11:00 GMT, the Bank of England will announce its Asset Purchase Facility, Monetary Policy Report,
During the first half of Tuesday's trading session, the British Pound rose by 51 pips or 0.37% against the US Dollar. Although, the GBP/USD pair abandoned the earlier gains by the end of yesterday's session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The GBP/USD has moved 8.9 to 18.2 pips
The British Pound edged lower by 43 pips or 0.31% against the US Dollar on Monday. The decline was stopped by the weekly pivot point at 1.3876 during Monday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The GBP/USD has moved 8.9 to 18.2 pips on the release. On Thursday,
On Friday, the British Pound edged lower by 86 pips or 0.62% against the US Dollar. The currency pair breached the lower boundary of an ascending channel pattern during Friday's trading session. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The GBP/USD has moved 11.5 to 21.6 pips on the release since March 1. On
The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the rate appeared to be retracing down and looking for support. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The GBP/USD has moved 11.5 to 21.6 pips on the release since March