After consolidating by retracing back up, on Wednesday, the GBP/USD returned to trade below the 1.3000 mark. In general, as a consolidating retracement back up to the hourly simple moving averages had removed the oversold pressure, the pair was expected to continue to decline. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT. GBP/USD moves
The decline of the GBP/USD has continued, as on Tuesday morning the pair had touched the 1.2950 level. By the middle of the day's European trading hours, the currency exchange rate had retraced back up and found resistance in a pivot point at 1.3020. Economic Calendar On some calendars, on Wednesday, the ADP Non-Farm Employment Change is shown as a high
After reaching above the 1.3200 level on Friday, the rate plummeted on Monday. The crash was caused by comments made by UK officials, including the Prime Minister Boris Johnson. A report on the event will be available during today's GMT trading hours. Meanwhile, from a technical perspective, on Monday, the rate was looking for support. Economic Calendar Relevant data publications for
By the middle of Friday's London trading hours, GBP/USD currency exchange rate had reached the 1.3140 level. Immediately after the achievement, the rate retraced back to find support in the 1.3100 mark. In the near term future, the GBP/USD was expected to continue and reach the weekly R1 simple pivot point at 1.3181. Bank of England Monetary Policy Report The
On Thursday, the Bank of England Monetary Policy Committee's vote dispersion surprised the markets, as it was more bullish for the GBP than it was expected. Namely, GBP/USD jumped due to the announcement. Note that the spike occurred a minute before the release. This happens during the aftermath of a scandal of BoE announcement information being released to some
The 1.3000 level was pierced on Tuesday. On Wednesday, the rate had retraced back up in the borders of a channel down pattern. In the near term future, the rate was expected to bounce off the upper trend line of the pattern and resume its decline. In the case of a decline, the pair would aim for the support
On Tuesday morning, the GBP/USD exchange rate touched the 1.3005 level. In general, the rate was expected to continue to decline until it reaches the 1.3000 level. The 1.3000 level is expected to provide support. However, take into account that the 1.3000 failed to stop the pair from declining two times in January. Economic Calendar During the last week of
During Monday morning, the GBP/USD exchange rate was trading between the 55- and 200-hour moving averages. If the given moving averages hold, it is likely that the British Pound could consolidate against the US Dollar in the short term. Economic Calendar During the last week of January, most attention will be paid to the US Federal Reserve and the
On Friday morning, the GBP/USD traded with almost 100 pip volatility during a period of one hour. The volatility ended with the rate trading below the 1.3100 level. At the time of writing, the pair was finding support in the 1.3080 level, which was strengthened by the support of the 100-hour simple moving average. Economic Calendar During the last week of January, most
The GBP/USD managed to pass the resistance of the 1.3100 level. On Wednesday, the rate surged to the 1.3150 level, below which it began to trade sideways. In the meantime, the high level 1.3119 of December 17 had begun to provide support. In general, the rate was expected to continue to consolidate by trading sideways between 1.3119 and 1.3150 until
After trading just above technical support levels that are located from 1.3025 to 1.3035, the GBP/USD began to surge and was heading to the 1.3100 level. The 1.3100 level was expected to stop the surge. Moreover, a weekly R1 pivot point was providing resistance at 1.3104. UK Average Earnings Index The British Pound appreciated against the US Dollar, following the UK Average
A surge of the GBP was caused by the better than expected UK employment data. Most impact was done by the UK Average Earnings Index. The data allowed the GBP/USD pair to pass a strong technical resistance cluster. This event was followed by a surge, which had no technical resistance as high as 1.3100. Economic Calendar The week's scheduled event historical data tables
The rate failed to pass the resistance of the 1.3200 level and began a decline, which by the middle of Monday's trading session had touched the 1.2963 level. The rate was expected to consolidate by retracing back up or trading sideways before resuming its decline. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales
During Friday morning, the GBP/USD exchange rate tested the resistance level - the weekly PP at 1.3099. The rate could gain support of 55- and 100-hour SMAs, and re-test the given resistance. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales data release on Friday at 09:30 GMT. The GBP/USD exchange currency rate lost
During Thursday morning, the GBP/USD exchange rate was testing the upper boundary of the medium-term descending channel. From a theoretical perspective, it is likely that a reversal south could occur. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions GBP/USD short-term review Yesterday, the GBP/USD exchange
During Wednesday morning, the GBP/USD exchange rate was testing the 100-hour moving average. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions GBP/USD short-term review Yesterday, the
During Monday morning, the GBP/USD exchange rate was trading at the weekly S1 at 1.2985. Note that the exchange rate is pressured by the 55-, 100- and 200-hour SMA. Thus, some downside potential could prevail. Economic Calendar Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published.
During Monday morning, the GBP/USD exchange rate dropped below 1.3020. Note that the exchange rate is pressured by the 55-hour SMA. Thus, some downside potential could prevail. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of 202K compared with the forecast of 160K. The data, as it had done before,
The retracement back up of the GBP/USD met with the resistance of the 55-hour SMA, which stopped the surge on Friday morning near the 1.3090 level. The future forecast scenarios were based upon whether the resistance of the 55-hour SMA holds. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which came out better-than-expected of
During Thursday's morning hours, the GBP/USD dropped to the 1.3020 level, where it found support and began a retracement back up. In the meantime, the pair had broken off the resistance of the 55, 100 and 200-hour simple moving averages and left them above 1.3115. US ISM Non-Manufacturing PMI Automatic Data Processing, Inc. released the US ADP Non-Farm Employment Change data, which
On Wednesday, the GBP/USD passed the support of the 200-hour SMA, which kept it from declining since the middle of Tuesday. This event signalled that a decline of the pair is most likely. Although, by the middle of Wednesday's London trading hours, the pair's decline was stopped by the support of the 1.3100 level. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change
On Tuesday, the GBP/USD reached the 1.3200 level, which it managed to pierce. Namely, for a short period of time the rate traded above the 1.3200 level. In addition, take into account that a channel down pattern has been spotted, connect the December high and low levels to draw it. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT.
The 200-hour simple moving average provided the GBP/USD with support. The rate fluctuated above the SMA since the middle of Friday. On Monday, the rate bounced off the SMA and surged up to the 1.3060 level, managing to pass three technical resistance levels. Economic Calendar This week, data releases will start on Tuesday at 15:00 GMT. The US ISM Non-Manufacturing PMI will be
The decline of the GBP/USD currency exchange rate has reached the support of the 200-hour SMA. Moreover, the decline was expected to continue. Economic Calendar On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. On the same day, the FOMC Meeting Minutes will be published at 19:00 GMT. Next week, data releases will start on