The GBP/USD has passed the resistance of the 200-hour simple moving average. It has resulted in a surge, which on Thursday aimed at the 1.3982 level, where a weekly R1 simple pivot point was located at. Meanwhile, a channel up pattern was spotted, which has guided the rate during this week. Economic Calendar The notable data releases for this pair this week
Since the middle of Tuesday's European trading hours, the GBP/USD has been testing the resistance of the 200-hour simple moving average. By the middle of Wednesday's trading, the SMA had reached the 1.3905 level and another test of resistance was ongoing. Future forecasts were based upon whether or not the SMA's resistance holds. Economic Calendar On Wednesday, the US Consumer Price Index
The GBP/USD broke the resistance of the 1.3870 level and reached the 1.3900 mark. This level started to provide resistance to the currency exchange rate. Near term future scenarios were based upon whether the rate manages to pass the resistance of 1.3900. Economic Calendar On Wednesday, the US Consumer Price Index data could cause a minor move on USD assets at 13:30
The GBP/USD started to recover prior to reaching the support of the February 12 low level at 1.3775. However, the recovery was almost immediately stopped by the resistance of the 1.3870 level. Meanwhile, take into account that the metal was being approached by the resistance of the 55-hour simple moving average. Economic Calendar On Wednesday, the US Consumer Price Index data could
As soon as the 1.4000 mark's resistance was pierced, the rate started to plummet. Namely, a fundamental event caused a drop, which eventually even passed the support of the 1.3830/1.3870 zone. On Friday, the rate was looking for support in the 1.3800 mark. In the meantime, it was spotted that a majority of GBP/USD traders of the Swiss Foreign
The 1.4000 mark held and forced the rate into a decline. It appeared on Thursday, that the rate could end the week by having traded up and down in the 1.3870/1.4000 zone. In the near term future, the rate was expected to look for support in 1.3870. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be
The GBP/USD currency exchange rate recovered from the support of the 1.3850 mark and surged to the 1.4000 level. Future forecasts were based upon whether or not the 1.4000 mark hold and reverses the pair's recovery. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, by large, the market does not care,
The GBP/USD reached the support that surrounds the 1.3850 mark and bounced off it. Afterwards, the 55-hour SMA was reached. The near term future, depended on whether the 55-hour SMA manages to push the rate down and through the support of the 1.3850 mark. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines.
The GBP/USD started the week with testing the resistance of the 1.4000 level. In the meantime, there was a cluster of resistance levels located near the 1.4020 level. Future scenarios were depending on whether or not the 1.4000 mark and the resistance levels at 1.4020 hold or not. Economic Calendar On Monday, the US ISM Manufacturing PMI could cause a GBP/USD move
The support of the 200-hour SMA did not hold, as the GBP/USD declined below it on Friday. Moreover, at the start of London trading, the pair had reached the 1.3900 level. Namely, the pair had returned to the February 18 level. In the near term future, the rate was expected to test a support zone that surrounds the 1.3850 mark. Economic
As forecast, the GBP/USD currency exchange rate reached the support of the 55-hour simple moving average. Since the middle of Wednesday's trading hours, the rate has been pushed up by the SMA. By the middle of Thursday's trading, the rate had been pushed above the 1.4170 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at
The surge of the GBP/USD has continued, as at midnight to Wednesday, the rate almost touched the 1.4250 mark. However, by the middle of the day's GMT trading hours, the rate had retreated to the 1.4150 level. In the near term future, the rate was expected to either decline or trade sideways until it would be approached by the 55-hour
On Tuesday morning, the GBP/USD reached the weekly R1 simple pivot point at 1.4092 and by the middle of the day, it began to pierce through it. In the case of the pivot point failing, the rate could reach for the weekly R2 pivot point at 1.4168. However, the 1.4100 and 1.4150 exchange rate levels might provide resistance. Economic Calendar This week,
On Monday, the GBP/USD moved above the 1.4050 mark, as the rate appeared to be pushed up by the support of the hourly simple moving averages. A potential target for the pair's surge was the weekly R1 simple pivot point, which was located at the 1.4092 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at 13:30
The GBP/USD has extended its surge beyond initial expectations, as the currency exchange rate reached above the 1.4000 mark during early hours. Moreover, the currency exchange rate no longer had any technical resistance as high as the 1.4110 level. Economic Calendar The week will end for the GBP/USD with the US PMIs at 14:45 GMT. The release could cause a move from
The squeeze of the GBP/USD between the 55 and 100-hour SMAs ended with a break out to the bottom. However, it was immediately stopped by the support of the 200-hour SMA. The 200-hour SAM provided enough support on Thursday morning for the rate to surge up above the 55 and 100-hour SMAs and the weekly R1 simple pivot point. Economic Calendar On
During the first half of Wednesday's trading, the GBP/USD currency exchange rate fluctuated between the support of the 100-hour simple moving average and the resistance of the 55-hour SMA. The near term future was dependant on which one of the two simple moving averages breaks first. Economic Calendar On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could
On Tuesday, the GBP/USD broke the resistance of the weekly R1 simple pivot point at 1.3923. Afterwards, the pair touched the 1.3950 mark before beginning a consolidation by retracing back down. In the near term future, the currency exchange rate could look for support in the 55 and 100-hour simple moving averages. Economic Calendar The week is expected to have a lot
The GBP/USD has started the week by surging above the 1.3900 level. The rate had found support for a surge in the 1.3780 level. At mid-day on Monday, the currency exchange rate was expected to test the weekly R1 simple pivot point at 1.3923. Economic Calendar The week is expected to have a lot of data releases, which could impact the currency
The hourly simple moving averages failed to provide the GBP/USD with support that would force it to once again test the 1.3860 level. Instead, by the middle of Friday's trading hours, the rate had retreated to the 1.3780 mark. In theory, due to not having any close by technical support, the rate should continue to decline as low as 1.3740. Economic
The 1.3860 level provided the GBP/USD with resistance and caused a retracement down to the 1.3810 level. At that level the currency exchange rate found support in the 55-hour simple moving average. In the near term future, the currency exchange rate was expected to be pushed up by the SMA into another test of the 1.3860 mark. Economic Calendar On Thursday, at
The surge of the GBP/USD has continued, as on Wednesday the rate reached above the 1.3850 mark. In the near term future, the surge of the pair was expected to reach the weekly R2 simple pivot point at 1.3879. Economic Calendar On Thursday, at 13:30 GMT the US weekly Unemployment Claims will be published. The GBP/USD has recently moved from 8.7 to
On Friday morning, the GBP/USD passed the resistance of the 1.3700 mark and the weekly simple pivot point at 1.3694. The rate had shown that it could sure. However, it would face the resistance of previous high levels before reaching the technical resistance of the weekly R1 simple pivot point at 1.3779. Economic Calendar The week will end with the US
On Thursday, technical levels were broken, as the rules were dictated by the Bank of England making a policy statement. In general, no changes in the next six months in the policy, as the bank is not ready to go into zero rates. The event caused a surge of almost 130 base points or 0.95%. Economic Calendar The week will end