Brexit volatility is back on the GBP/USD charts. Namely, the UK's political parties are negotiating and quarrelling among themselves. In general, the hourly chart's patterns were broken. The future forecast is described below. Latest Fundamental Event On Thursday, May 2, the Bank of England Monetary Policy Committee voted to hold the Bank Rate unchanged at 0.75%. According to the Bank of England Inflation
On Friday, GBP/USD signalled that it will drop down to the 1.2970 level. Namely, the rate passed the support levels near 1.3000 level. At the 1.2970 level the currency exchange rate was expected to meet with the support of the 200-hour simple moving average. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Official Bank Rate release on
Before the drop that was caused by the FOMC, the GBP/USD reached the 1.3100 level. By the middle of Thursday's trading session the pair managed to find support in the monthly pivot point and the 55-hour simple moving average near 1.3030. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release. The GBP/USD exchange
As expected, the GBP/USD has reached the 1.3000 level. Moreover, it has surged above it and was just below the 1.3080 level on Wednesday morning. At the 1.3000 level the rate will reach the resistance of a large scale descending channel and the weekly R1. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release.
On Tuesday morning the GBP/USD broke the resistance of the 200-hour simple moving average and began a surge, which was expected to reach 1.3000. At the 1.3000 level the rate will reach the resistance of a large scale descending channel and the weekly R1. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release. The
The GBP/USD was surging on Monday, as the rate pierced through the resistance cluster near the 1.2940 level. It is expected that the surge will continue and eventually the pair should reach the 1.2960 level, where it would meet with the 200-hour SMA. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release. The GBP/USD
On Friday morning, the GBP/USD exchange rate was testing the 55-hour SMA located at the 1.2910 mark. If the given resistance does not hold, it is likely, that the rate rises to the 100-hour SMA located circa 1.2940. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The GBP/USD
On Thursday morning, the GBP/USD exchange rate was testing the lower boundary of the falling wedge pattern located circa 1.2880. If the given pattern does not hold, it is expected that the rate decline to the monthly S1 at 1.2872. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30
On Wednesday morning, the GBP/USD rate was testing the lower boundary of the falling wedge pattern located circa 1.2930. It is expected, that the rate could reverse north from the given boundary and target the 55- and 100-hour moving averages located circa 1.2980. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on
On Tuesday morning the GBP/USD was testing the resistance of the 1.3000 level. It was expected that the rate will fail to surge, as additional technical resistance was about to be provided by the 100-hour simple moving average. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The
Bad German PMI data caused a spillover decline that affected the GBP/USD and forced it into breaking the support of an ascending pattern. By the middle of Friday's trading the rate had recovered from dropping down to the 1.2980 level and was testing the resistance of 1.3000. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales
The GBP/USD has traded sideways during the last 24 hours. The rate has been waiting for additional technical support to be pushed down. On Thursday, the 55-hour simple moving average approached the rate. This event caused a decline below the support of the 1.3030 level, which signalled a continuation of the fall of the GBP/USD. Latest Fundamental Event The British Pound depreciated against
The GBP/USD has fallen down. During the midnight hour the currency exchange rate reached below the 1.3040 level. Moreover, on the daily chart he rate pierced the lower trend line of a dominant ascending pattern. This event signals that a decline will occur in the longer term. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK Average
The GBP/USD continues to trade in limbo. Namely, it is bouncing around in the range between 1.3080 and 1.3130 since Friday. Dukascopy Analytics suggest to look for certain break outs that could signal the future direction of the pair. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release on Wednesday at 08:30 GMT. The
On Monday morning the GBP/USD traded in limbo below the 1.3100 level. Namely, it was squeezed in between the resistance of the 1.3100 and the support of the weekly pivot point at 1.3080. In addition, note that the 1.3080 level had additional support that was provided by the 55 and 100-hour simple moving average. Latest Fundamental Event The British Pound appreciated against the
The support levels, which kept up the GBP/USD previously, have failed. The currency exchange rate has fallen below the 1.3060 level. Moreover, the technical analysis levels started to keep the rate from recovery by providing resistance near 1.3070. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release on Wednesday at 08:30 GMT. The GBP/USD exchange
On Thursday, the GBP/USD traded near the 1.3100 level just as during the previous trading session. The rate had held up despite recent Brexit developments, as the technical support levels located from 1.3060 to 1.3090 were strong enough to support the GBP against the USD. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release
On Wednesday, the GBP/USD was expected to be impacted by the Brexit summit occurring in the EU. Namely, Theresa May is meeting with the heads of the EU. Due to that reason both the chart and trader sentiment is neutral, as the pair trades sideways and open short and long positions are balanced. Latest Fundamental Event On Wednesday morning, the UK GDP and
The main forecast scenario of Monday became reality. The GBP/USD pierced resistance at 1.3075 and reached for the 1.3100 level, which pushed the rate down. In regards to the near term future, the rate will test the 1.3100 level. If the pair passes that level, it should test the technical resistance of the monthly pivot point at 1.3128. Latest Fundamental Event The Bureau
After reaching the pivot point at 1.3075 on Monday the GBP/USD currency exchange rate began a decline, which was being stopped by a psychological support level. Namely, the 1.3050 level was supporting the currency exchange rate. Latest Fundamental Event The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the US
GBP/USD has dropped below the technical support levels that are located in the range from 1.3095 to 1.3160. The event took place due to the announcement that Brexit could be delayed up to a year. This possible uncertainty caused the decline of the price of GBP. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current
The GBP/USD has traded sideways during the last twenty four hours. It has fluctuated above the 55 and 200-hour simple moving averages near 1.3140, Meanwhile, the 1.3200 level has been providing resistance to the currency exchange rate. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate
By the middle of Wednesday's trading session the GBP/USD was testing the resistance of the 1.3200 level. The rate could push through the resistance level as soon as the 55-hour simple moving average approaches from below. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost
The traders, who have continued to short the GBP/USD, were profiting on Friday, as the rate had declined down below the 1.3050 mark. Moreover, the pair had no more technical support as low as the 1.2950 level. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30 GMT. The GBP/USD exchange