The GBP/USD currency exchange rate managed to pierce the resistance zone of the 1.4105/1.4110 zone. However, the pair immediately found resistance in the 1.4120 level. In the meantime, on Monday, the currency rate was ignoring the 1.4100 mark, the 100-hour simple moving average and the weekly simple pivot point at 1.4091. Economic Calendar The UK CPI YoY is set to come out
The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had provided both resistance and support on Monday. On Friday morning, the GBP/USD had recovered to the 1.4070 level, where it encountered the 55-hour simple moving average. The 55-hour SMA could
The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of Thursday's trading, the rate had passed the support of the 100-hour simple moving average at 1.4078 and the weekly R1 simple pivot point at 1.4064. Economic Calendar On Friday, the US
Since the middle of Monday, the GBP/USD has traded in a 50 pip range between two zones. From the above, resistance is provided by the 1.4160/1.4170 zone. In the meantime, support is found in the 1.4100/1.4110 zone. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair has moved from 14.8 to 35.6
The surge of the GBP/USD paused at the 1.4150 level during the second part of Monday's trading hours. Since then, up to the middle of Tuesday's trading, the rate had been fluctuating sideways below the mentioned round exchange rate mark. Economic Calendar On Wednesday, the UK Preliminary GDP is set to be published at 06:00 GMT. This event has caused moves
Since the middle of Friday's GMT trading hours, the GBP/USD currency exchange rate has reached above the 1.4100 level, as it had gained more than 1.50%. Economic Calendar On Wednesday, the UK Preliminary GDP is set to be published at 06:00 GMT. This event has caused moves from 8.4 to 23.6 pips since February 2020. The November and February moves have
The GBP/USD currency exchange rate made a short term surge above the 1.3920/1.3930 zone. The rate bounced off the 1.3940 level and retreated to the 1.3860 level, which provided support. The volatility is attributed to the announcement of the Bank of England that it would stick to its monetary policy. Initially, a 30 pip move down occurred, which was followed
The resistance zone above the 1.3923 level held out. During the early hours of Thursday's trading, the GBP/USD rate had passed the support of the trend line, which pushed the rate up during this week. At mid-day, it was spotted that the rate was finding short term support in the 55, 100 and 200-hour simple moving averages. Economic Calendar On Thursday,
By the middle of Wednesday's European trading hours, the GBP/USD currency exchange rate was testing the resistance of the zone above the 1.3920 level, which already stopped the rate's May 3 sharp surge. Economic Calendar On Thursday, all British Pound traded assets and currency pairs are expected to move due to the announcement of the Bank of England Official Cash Rate
The British Pound traded sideways against the US Dollar on Thursday. The GBP/USD currency pair made about 35 pips or 0.25% move during Thursday's trading session. Economic Calendar Notable events for this week have ended. Expect the next week's analysis to be published this evening in the Fundamental Analysis section. Click on the link below to find out more about the data
Upside risks dominated the British Pound against the US Dollar on Wednesday. The GBP/USD currency pair surged by 88 pips or 0.64% during Wednesday's trading session. Economic Calendar On Thursday, at 12:30 GMT, the US Advance GDP will be released. This event has caused GBP/USD moves only from 9.6 to 17.2 pips. Click on the link below to find out more
On April 27, the Pound Sterling surged by 56 pips or 0.40% against the US Dollar. The currency pair tested the upper line of a descending channel pattern at 1.3920 during Tuesday's trading session. Economic Calendar On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The GBP/USD
On Monday, the British Pound dropped by 54 pips or 0.42% against the US Dollar. The currency pair tested a support cluster near the 1.3880 area during the Asian session on Tuesday. The exchange rate bounced off the 55– and 200– hour SMAs support level on Tuesday morning. Economic Calendar On Wednesday, all of the markets will move due to the release
During the first half of Friday's trading session, The British Pound declined by 58 pips or 0.42% against the US Dollar. However, the exchange rate rebounded at the end of the day. The currency pair breached the upper line of a descending channel pattern during the Asian session on Monday. Economic Calendar Next week, on Wednesday, all of the markets will move
On Friday, the GBP/USD currency exchange rate began to trade sideways between the support of the 200-hour simple moving average at 1.3855 and the resistance of the 55-hour SMA at 1.3893. Economic Calendar Next week, on Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The GBP/USD has
During the first half of Thursday's European trading, the GBP/USD currency exchange rate remained below the resistance of the 55-hour simple moving average. Economic Calendar On Friday morning, at 06:00 GMT, the UK Retail Sales could cause a move. The event has caused moves from 8.6 to 20.6 since November 2020. Click on the link below to find out more about the
During the European night and Asian trading hours, the GBP/USD currency exchange rate retreated below the support of the 55-hour simple moving average. Afterwards, up to the middle of the day, the SMA was providing the pair with resistance. Economic Calendar On Friday morning, at 06:00 GMT, the UK Retail Sales could cause a move. The event has caused moves from
In the aftermath of passing the 1.4000 mark, the GBP/USD found resistance in the 1.4010 level. On Tuesday, a retracement back down was taking place. It was spotted at mid-day that the 1.3950 mark was providing support. Economic Calendar On Wednesday, at 06:00 GMT, the UK Consumer Price Index is set to be published. It could cause GBP/USD moves from 6.2
On Monday, the GBP/USD started the week with an extension of Friday's surge. Namely, the rate confirmed previous resistance near 1.3800 as support and resumed the surge that started just before mid-day on Friday. Economic Calendar On Wednesday, at 06:00 GMT, the UK Consumer Price Index is set to be published. It could cause GBP/USD moves from 6.2 to 11.6 pips. On
After many attempts to pass the 1.3800 level and the zone above it, the GBP/USD currency exchange rate eventually declined. During the early hours of Friday's trading hours, the rate had reached the support of the zone near the 1.3720 mark. This zone had provided minor impact throughout April. Economic Calendar Next week, on Wednesday, at 06:00 GMT, the UK Consumer Price
Since Wednesday's early trading hours, the GBP/USD has fluctuated between the 1.3800 mark and the 55-hour simple moving average, which had been pushing the rate up. The situation was expected to end with a squeeze in between the two mentioned levels. Economic Calendar On Thursday, the US Retail Sales and Core Retail Sales are also bound to influence the value of the
The GBP/USD currency exchange rate broke the resistance of the weekly simple pivot point, the 200-hour simple moving average and the resistance zone of the recent April high levels. It resulted in the rate testing the resistance of the 1.3800 mark. On Wednesday, the rate had bounced off the 1.3800 level and was heading to the support of the 55
Since the middle of Monday's trading, the GBP/USD has been fluctuating sideways between the support of the zone near 1.3720 and the 55-hour simple moving average and the resistance of the weekly simple pivot point at 1.3766 and the April 8 and 12 high levels. Economic Calendar On Tuesday, the US Consumer Price Index and Core Consumer Price Index could cause
On Monday morning, the GBP/USD once again found support in the March and April low levels at 1.3670. It resulted in a surge, which passed the resistance of the 55-hour simple moving average and the resistance zone above the 1.3720 level. In the near term future, the rate was expected to test the combined resistance of the weekly simple pivot