British Pound: USD/GBP (GBP=X) pushes lower The GBP/USD price has created a new lower low in its current downtrend, as the dollar strength hurt sterling hard yesterday and has been in evidence already this morning. Rallies should continue to be sold until we see a higher high and, for the moment, that requires a move back above […]
British Pound: USD/GBP (GBP=X) higher low for GBP/USD? It may be that GBP/USD has found a bottom around $1.284. The price has rallied off the lows and started to move higher, but it will need to maintain this momentum and push above $1.294 to suggest that a higher low is in place. This would then suggest a […]
British Pound: USD/GBP (GBP=X) still on the back foot If GBP/USD has turned a corner longer term, it needs to start thinking about creating a higher low, preferably above $1.26. For now, the downtrend from last April seems to have turned into a consolidation phase over the past few months, with rallies towards $1.32 followed by retracements […]
British Pound: USD/GBP (GBP=X) drifts lower within more uncertain period GBP/USD managed to rally through the $1.2979 resistance level on Thursday, with that short-term higher high pointing towards the possibility of further upside to come. However, with the price drifting lower, we are moving closer to the $1.2854 level which would denote a bearish continuation move. […]
British Pound: USD/GBP (GBP=X) BoE cuts growth forecasts but Sterling re-traces the sell-off A tough week for trying to value Sterling looking forward with a mildly dovish Bank of England Report having only a short-term negative effect on GBP, while the Irish backstop problem becomes seemingly even more entrenched. We do not like changing forecasts on […]
British Pound: USD/GBP (GBP=X) respecting Fibonacci support GBP/USD sold off into the 76.4% Fibonacci support level over the past week, with the pair starting to find some buyers from that $1.2922 level. This points towards a likely move higher to continue the bullish trend in play over the past month. A break below $1.2930 would signify a […]
British Pound: USD/GBP (GBP=X) at key support Bulls will need to watch this GBP/USD battle around $1.302 carefully. If they can hold this zone of support, then an attempt to challenge $1.31 is possible, with a break of this lower high signaling a fresh bullish move in the ongoing uptrend from the December lows. A failure to […]
British Pound: USD/GBP (GBP=X) continues to drift lower GBP/USD has been drifting lower after a recent uptrend that took the pair into a three-month high. The current move lower looks to take the form of a falling wedge, with a strong possibility that the wider bullish trend will come back into play once more. A […]
British Pound: USD/GBP (GBP=X) upcoming week’s key events are the BoE rate announcement and inflation report After a string of weekly gains, cable headed lower last week. Parliament revisited the withdrawal agreement, but the confusion over a post-Brexit remains. Lawmakers indicated that they oppose a no-deal and sent Theresa May back to Brussels to renegotiate […]
British Pound: USD/GBP (GBP=X) bounces off 200-day SMA GBP/USD found support at the 200-day simple moving average (SMA) of $1.3056, and then began a new move higher. Further gains target $1.32, the highs from the end of last week, and then $1.3338 and $1.3470 come into view from here. The bullish view remains, unless we see […]
British Pound: USD/GBP (GBP=X) looks set to continue upward trend GBP/USD eased back overnight, bringing the pair into the 76.4% retracement level. The wider uptrend remains intact unless we see a drop below the $1.3012 swing low. The current respect of the Fibonacci support level points towards an upward move from here. Overall, the bias in […]
British Pound: USD/GBP (GBP=X) breaks through notable resistance level GBP/USD managed to rally through the key $1.3175 resistance level on Friday, with the pair breaking out of a long-term downtrend ahead of today’s parliamentary vote. Technically speaking, expect this uptrend to continue as long as we do not break below the $1.3012 level. Thus, further upside […]
British Pound: USD/GBP (GBP=X) quiet after surge After leaping higher last week, GBP/USD has edged back from $1.32. Dips have been firmly bought over the past month, so the near-term areas to watch are the lows of Thursday and Friday, at $1.30 and $1.307 respectively. A close below $1.30 might signal that the bounce has run its […]
British Pound: USD/GBP (GBP=X) holds at new two-month high Developments in the UK Parliament which suggest ‘no deal’ is a much-reduced possibility, have driven GBP/USD’s surge. The pair has formed a rising wedge, with support possible around $1.282. A break of this would likely mark a revival of the downward move, towards $1.2773 and then the […]
British Pound: USD/GBP (GBP=X) eyes up $1.30 Employment figures yesterday bolstered GBP/USD, reviving the uptrend. A fresh push above $1.30 will mark a bullish breakout, targeting $1.304 and then $1.32. A firm move below $1.28 is needed to suggest that the sequence of higher lows has been broken. Overall, the bias in prices is: Upwards. By […]
British Pound: USD/GBP (GBP=X) recovers from recent weakness GBP/USD’s overall upward trend from the lows of December continues, although it received a sharp check on Friday. However, the price continues to hold the 200-hour simple moving average (SMA) of $1.285, having bounced back above it yesterday. This dip may see fresh buying, targeting $1.30 in […]
British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance GBP/USD has been weakening consistently since hitting the 76.4% resistance level of $1.30. Whether this is simply another short-term retracement or the beginning of a wider bearish shift for the pair remains to be seen. However, with a minimal rebound this morning being sold into straight […]
British Pound: USD/GBP (GBP=X) could soar against USD David Bloom, global head of FX research at HSBC Holdings Plc, said Britain’s biggest bank had “become more upbeat” on their view for Sterling, after months of volatility for the pound off the back of Brexit uncertainty. The pound has remained sensitive to Brexit movement and has […]
British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks GBP/USD has been stuck fast at $1.29 for several days. A failure to break higher raises the risk of a deeper retracement. Near-term support lies at $1.2773 (close to the 50-day SMA at $1.2763 too), while a bigger dip finds support around $1.27. Above $1.29, the price […]
British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility Yesterday’s Brexit vote brought about huge volatility as expected, with severe selling in the lead up to the event subsequently reversing once the votes came in. Despite the uncertainty looming ahead, markets seem somewhat unmoved, with tonight’s vote of no confidence unlikely to succeed. The fact that the GBP/USD broke […]
British Pound: USD/GBP (GBP=X) faces high volatility British Parliament has rejected Prime Minister Theresa May’s Brexit deal with a majority of 230, 202 vs 432. With the initial market reaction, the GBP/USD pair slumped to a low of 1.2667 and was last seen trading around 1.2710, down 1.15% on a daily basis. GBP/USD has pushed steadily higher over the […]
British Pound: USD/GBP (GBP=X) turning lower after recent rally GBP/USD rallied sharply at the end of the week, coming off the back of a stronger than expected UK gross domestic product (GDP) reading for November. That has taken us through the $1.2812 resistance level, pointing towards a potential period of upside from here. However, with the […]
British Pound: USD/GBP (GBP=X) all eyes will be on the Parliament Brexit Vote Parliament Brexit Vote: Tuesday, Tentative. All eyes will be on this crucial vote. UK PM has secured an reached an agreement on the withdrawal of the country from the EU, but Parliament is expected to vote against the deal. That would mean […]
British Pound: USD/GBP (GBP=X) staled at $1.28 The GBP/USD pair continues to edge above the 50-day SMA ($1.2774). However, gains above $1.28 have proven too much to sustain, raising the risk of a pullback. A close above $1.28 opens the way to $1.284 and $1.2934, with the 100-day SMA at $1.2896 also a possible area of resistance. […]
British Pound: USD/GBP (GBP=X) heading upwards towards crucial resistance level GBP/USD is rising once again this morning, with the pair heading towards the key $1.2812 level. Should we see that level broken, it would provide a more bullish view for the pair. Whether or not we see that level broken will be key to how we […]
British Pound: USD/GBP (GBP=X) back to $1.28 While GBP/USD has rallied hard from the low of last week, the bounce has run into selling around the $1.28 level, as it did at the end of December. If this holds once again then we can expect the $1.2635 and $1.259 zones to be challenged. A close above $1.281 […]
British Pound: USD/GBP (GBP=X) rally looks likely to fall short GBP/USD has been gaining ground since the drop below $1.2477, with the pair now starting to stall. That drop into a new low on 2 December highlights a continuation of the wider bearish theme, with the current rally looking likely to falter rather than create a […]
British Pound: USD/GBP (GBP=X) potential for break in either direction The UK enters a critical three week period as parliamentarians return to Westminster to debate the merits of the Government’s withdrawal deal with the EU. A vote is due in the week commencing January 14. At present, the deal is expected to be voted down […]
British Pound: USD/GBP (GBP=X) 2019 Brexit may not be the disaster that the technicals are reflecting, Brexit may well breathe life back in to the stagnant UK. Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 1.67. The projected lower bound is: […]
British Pound: USD/GBP (GBP=X) recent rejections suggest we might see a bearish continuation The GBP/USD has been ranging but recent rejections suggest we might see a bearish continuation on a 4h / D1 close below Weekly PP. Technically the price has just closed below Weekly pivot and trend line confluence while still being capped below W […]
British Pound: USD/GBP (GBP=X) short-term “Rising-Wedge” With the short-term “Rising-Wedge” directing GBPUSD moves, the pair has to slid beneath the 1.2640 support in order to justify the bearish formation and aim for 1.2530. Should prices weaken under 1.2530, the 1.2475, the 1.2400 and the 61.8% FE level of 1.2365 can become Bears’ favorites. Meanwhile, pair’s sustained […]
British Pound: USD/GBP (GBP=X) looks to break higher Having been knocked back yesterday, GBP/USD is breaking higher and testing the descending trendline from the November highs. Above $1.27, the price will head to $1.28 and then on to $1.29. Dips towards $1.26 may prove to be fresh buying opportunities. Overall, the bias in prices is: Downwards. By […]
British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance Once again, GBP/USD rose into the 61.8% level, with the pair looking to have made an ABC three-legged retracement of the decline from $1.2912. A rally through that swing high would point towards a likely period of upside. Until then, there is a good chance that […]
British Pound: USD/GBP (GBP=X) on the up for now GBP/USD continues to rebound from the lower low created last week, but it now needs to clear trendline resistance from the November highs, which would suggest a push to $1.27. A failure to maintain these gains would be another selling opportunity. Above $1.27 the $1.2773 area comes […]
British Pound: USD/GBP (GBP=X) regaining ground after head and shoulders breakdown GBP/USD spent the end of last week falling after completing a head and shoulders formation. We are seeing the pair regain ground this morning, bringing about a possibility of a wider 76.4% retracement beyond the 61.8% retracement seen last week. However, there is also a […]
British Pound: USD/GBP (GBP=X) Brexit saga remains on the minds of nervous investors GBP/USD suffered its worst week since October, falling over 1 percent. The Brexit saga remains on the minds of nervous investors. There are key numbers on both sides of the pond in the upcoming week. The U.K releases CPI and retail sales this week, […]
British Pound: USD/GBP (GBP=X) $1.27 may be another selling opportunity Last night’s win by UK Prime Minister Theresa May was already priced in, GBP/USD having moved smartly off the lows during the day. But having broken sharply lower earlier in the week the pair has now created a lower low and a lower high. Any rally that […]
British Pound: USD/GBP (GBP=X) rebound unlikely to last Overall, the bias in prices is: Downwards By the way, prices are vulnerable to a correction towards 1.29. The projected upper bound is: 1.29. The projected lower bound is: 1.24. The projected closing price is: 1.26. Candlesticks A big white candle occurred. This is generally considered bullish, […]
British Pound: USD/GBP (GBP=X) in retracement mode after recent declines GBP/USD has been in a steep decline in the early part of the week, with the price falling into a 19-month low. This bearish trend is likely to persist despite the current rebound, with these gains instead looking likely to provide a good shorting opportunity. With […]
British Pound: USD/GBP (GBP=X) lifted on Article 50 news Cable has seen strong gains as a European judge weighs in on Article 50 but rallies here over the past few weeks have merely been the cue for fresh selling. The GBP/USD pair created a new lower high and lower low in the intraday charts yesterday, so any […]
British Pound: USD/GBP (GBP=X) rally proving short-lived GBP/USD has been moving sharply higher this morning, yet just like EUR/USD, we are seeing the 76.4% Fibonacci resistance level respected. The trend over the past week has been one of consolidation, with a failure to break below the crucial $1.2661-$1.2696 support zone meaning we still await the next […]
British Pound: USD/GBP (GBP=X) downside may be limited Fundamental Forecast for EUR/USD: Neutral – Both Italian politicians and European policymakers in Brussels remain entrenched in their respective negotiating positions, and now the European Commission is ready to punish Italy. – EUR/USD downside may be somewhat limited, particularly after the US Dollar’s fundamental backdrop eroded last […]
British Pound: USD/GBP (GBP=X) rallies on Powell speech While cable bounced following the Federal Reserve (Fed) chair Jerome Powell speech, it has failed to create a new higher high for GBP/USD, stuck at $1.285. We may see fresh selling pressure emerge. A move above $1.29 is needed to put a more bullish view on the pair. […]
British Pound: USD/GBP (GBP=X) consolidating at key support level GBP/USD has managed to remain above the $1.2823 support level this morning, following a fall into the crucial $1.2723 support level. The bearish trend looks likely to sustain given the rising likeliness of a harder form of Brexit, with UK Prime Minister Theresa May’s proposal failing to […]
British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh Expectations of a frosty reception in Parliament for the UK’s Withdrawal Agreement have driven more downside in GBP/USD, and the price is now heading towards the lows of late October at $1.2680, and then the August low at $1.2661. Rallies of late have run into heavy selling […]
British Pound: USD/GBP (GBP=X) turning higher after recent decline GBP/USD sold off sharply on Friday, as the pair continues to exhibit strong retracements within its recent recovery. There are still questions over whether we are currently seeing a retracement of the $1.3072-$1.2724 sell-off. However, for now it looks likely we will overcome the $1.2927 peak from […]
British Pound: USD/GBP (GBP=X) remains stuck in a range The Pound-to-Dollar exchange rate is set to open the new week at 1.2822 ensuring it remains set in a sideways range between roughly 1.2650 and 1.3300. Last week it moved in an even narrower range within that range, closing at 1.2818 only a tenth of a […]
British Pound: USD/GBP (GBP=X) hovers above support The price of GBP/USD has been pushed back to support at $1.2773 but is holding for now. Further declines would target $1.2720, the low from last Thursday, while a bounce would have to clear $1.2870 and then break trendline resistance from the November high at $1.3160 to suggest the buyers […]
British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower GBP/USD fell below the $1.2794 support level yesterday, raising the chances of further downside for the pair. The recent rebound always looked like a retracement, yet the size of that rebound is always going to be difficult to anticipate. However, with the failure […]
British Pound: USD/GBP (GBP=X) stalls at $1.29 While GBP/USD has rallied off the lows from last week, gains above $1.29 have not been forthcoming. A close above this level would open the way to $1.30, the peak from the first half of November, while a fresh drop targets $1.2773 and then $1.269. Overall, the bias in prices […]
British Pound: USD/GBP (GBP=X) continues to climb after recent sell-off GBP/USD is continuing its ascent following the sharp deterioration through last week. This looks likely to be a retracement, yet given the size of the initial downturn, it is likely that we will see further upside in the near term as the pair forms a deeper […]
British Pound: USD/GBP (GBP=X) focus on Brexit The rally of GBP/USD earlier in the week has faltered, and the price finds itself back below $1.305. Further declines will head towards $1.28, the lows from earlier in the week, while a rally above $1.305 would open the way to $1.32. With headlines appearing throughout the day, the pair […]
British Pound: USD/GBP (GBP=X) rocked by Brexit headlines The rally of GBP/USD earlier in the week has faltered, and the price finds itself back below $1.305. Further declines will head towards $1.28, the lows from earlier in the week, while a rally above $1.305 would open the way to $1.32. With headlines appearing throughout the day, the […]
British Pound: USD/GBP (GBP=X) falters at 61.8% retracement GBP/USD has been gaining ground as markets digest the potential culmination of Brexit talks which have produced a proposal for parliament and EU member states to consider. There is undoubtedly a chance that this could be the beginning of a wider recovery if the agreement was voted through. However, it […]
British Pound: USD/GBP (GBP=X) still under pressure GBP/USD created a new lower high last week, and further declines will target $1.2773. A bounce from intraday oversold conditions needs to clear $1.295 to suggest more near-term upside. A failure to push above here would bring out more selling pressure, and below $1.2827, Monday’s low. The price heads […]
British Pound: USD/GBP (GBP=X) moved into a consolidation phase Despite the strong surge in GBP early this month, we have held the same view since last Wednesday (07 Nov, spot at 1.3100) wherein “it would be surprising if the rebound in GBP could break 1.3190” (GBP subsequently traded to a high of 1.3176). However, the […]
British Pound: USD/GBP (GBP=X) UK gross domestic product proved positive The Pound Sterling to US Dollar (GBP/USD) exchange rate failed to hold onto gains made in the wake of the US midterm elections on Friday. Although the headline third quarter UK gross domestic product proved positive this was not enough to shore up Pound Sterling. […]
British Pound: USD/GBP (GBP=X) finds further strength Brexit optimism and a weaker dollar continues to support the GBP/USD. An early dip to $1.31 found buyers, and further gains target yesterday’s highs around $1.3175. So far dips have been bought, so a move back below $1.305 is needed to reverse the broadly bullish outlook. Overall, the bias […]
British Pound: USD/GBP (GBP=X) pushes past Fibonacci resistance GBP/USD has managed to regain a significant amount of ground, with the combination of a more hawkish Bank of England (BoE) outlook coupled with a post-midterm election decline in the dollar helping push the pair past the 76.4% retracement. That raises the chance of a wider bullish breakout above […]
British Pound: USD/GBP (GBP=X) solidifies hold above $1.3050 Cable has managed to move GBP/USD above the $1.3050 area that provided resistance at the end of last week. Further gains would head towards possible resistance at $1.32 and then $1.33. A bearish view would prevail with a move back below $1.2950. Overall, the bias in prices is: Sideways. […]
British Pound: USD/GBP (GBP=X) weakening from confluent resistance GBP/USD managed to push sharply higher towards the end of last week, with the price rallying into Fibonacci and moving average resistance. That confluence of the 61.8% retracement, alongside the 200-day simple moving average (SMA), provides a potential turning point for the market. That being said, there is […]
British Pound: USD/GBP (GBP=X) Benefit from Improved UK Services PMI or GDP The GBP/USD exchange rate could return to an uptrend on Monday, however, if the UK services PMI for October proves encouraging. As the service sector remains the growth engine of the UK economy an uptick here could give investors fresh incentive to pile […]
British Pound: USD/GBP (GBP=X) surges on Brexit news News of a deal between the EU and the UK over financial services has bolstered GBP/USD, with the pair recovering ground lost over the past week. We may have a change of short-term trend here, although it will be important to watch how the price behaves around intraday […]
British Pound: USD/GBP (GBP=X) rallies into trendline resistance GBP/USD has turned higher in early trade, with the pair hitting trendline resistance. There is a strong chance that this is simply another short-term rebound before we see another bearish reversal for the pair. As such, it makes sense to remain bearish unless we break through the $1.2853 […]
British Pound: USD/GBP (GBP=X) back to the lows GBP/USD has fallen to a new two-month low this morning, and a close below the $1.2770 lows of last week would suggest that a move to the August lows at $1.2661 is in play. A recovery above $1.2860 would suggest that some bullish strength is developing. Overall, the […]
British Pound: USD/GBP (GBP=X) turns lower despite stochastic breakout GBP/USD is turning lower yet again, following on from a rebound off the $1.2785 support level on Friday. That rebound from the September low coincided with the stochastic breaking higher from a wedge/triangle formation, thus pointing towards a potential period of upside to come. However, until we […]
British Pound: USD/GBP (GBP=X) bears remain in control The Pound-to-Dollar rate fell to fresh lows of 1.2777 on Friday after solid growth data lifted the greenback while Sterling remained on its back foot due to unfavourable Brexit news-flow. There is an old Wall Street saying that the “trend is your friend until the bend at […]
British Pound: USD/GBP (GBP=X) focus on is at 1.2790 We first highlighted the possibility of a move to 1.2920/25 last Friday (19 Oct, spot at 1.3020) wherein we indicated a “break of 1.3000 would shift the focus to 1.2920/25”. The price action since then is line with our expectation even though the ease of which […]
British Pound: USD/GBP (GBP=X) falling back towards crucial support level GBP/USD is falling once more, with the pair moving closer to the crucial $1.2922 support level. The falling wedge seen throughout the past week is pointing towards a potential bullish break at some point. However, the ability to break below $1.2922 is the real signal for […]
British Pound: USD/GBP (GBP=X) bounces for now After yesterday’s losses, GBP/USD is rebounding for the time being, although it remains firmly in a downtrend from the highs of mid-October. Rallies to $1.31 may find fresh selling, but a close above this level would at least generate a new higher high. The October low at $1.2922 could be […]
British Pound: USD/GBP (GBP=X) attempting to rebound from trendline support GBP/USD is regaining ground this morning, following on from a pullback into trendline support last week. The ability to break through the $1.3131 resistance would bring greater confidence for a push into the descending trendline resistance, which forms the top of a symmetrical triangle. As such, […]
British Pound: USD/GBP (GBP=X) tests key moving average While the price is holding above the 50-day simple moving average (SMA) at $1.3005, the overall picture for GBP/USD seems bearish given the declines seen over the past week. It would require a close above $1.32 to reverse this view. Further declines target $1.2926, and then down to $1.2773. […]
British Pound: USD/GBP (GBP=X) falls below key support level GBP/USD has managed to break below the $1.3098 support level, bringing about expectation of further downside from here. Given the failure to create a new high above $1.3299, there is a distinct possibility that we are going to see a further breakdown. However, a break below the […]
British Pound: USD/GBP (GBP=X) turning lower after failed attempt to break resistance GBP/USD has failed to rally through the $1.3258 swing high, raising doubts about the longevity of this rebound. The direction for this pair will be determined by a break through $1.3258 or $1.3098. A drop below that $1.3098 low points towards a potential wider […]
British Pound: USD/GBP (GBP=X) still on the up Despite the mixed signals on Brexit, GBP/USD has rallied once again. Fresh gains target $1.3250, and then on to the September high at $1.33. The bullish view remains unless we see a close below $1.31. Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to […]
British Pound: USD/GBP (GBP=X) tumbles after Brexit deadlock holds GBP/USD has started the week in bearish fashion, with the inability for the UK and EU to find a positive conclusion to negotiations highlighting the potential for further downside in the near term. The path for the pound will be determined by the outlook for negotiations and […]
British Pound: USD/GBP (GBP=X) lifted by Brexit hopes GBP/USD continues to see gains, with intraday weakness still finding buyers. The next stop is the $1.33 area, while dips below $1.317 would potentially suggest that indecision is setting in ahead of the weekend. Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to […]
British Pound: USD/GBP (GBP=X) buoyed by Brexit hopes GBP/USD has climbed steadily since the low last week, and since then each intraday sell-off has been met by buying. With the price back above $1.32 a run towards $1.33 is now on the cards, and a close above this level in the longer term opens the way […]
British Pound: USD/GBP (GBP=X) pulling back after recent ascent GBP/USD has been an outperformer of late, with yesterday proving no different. The pair managed to rally into an October high to continue the short-term bullish trend. While we are looking likely to retrace some of the gains seen yesterday, a bullish short-term outlook remains unless we […]
British Pound: USD/GBP (GBP=X) still on the up despite weakness While the price has dropped back from yesterday’s highs, the powerful rebound from $1.304 suggests the move higher will resume soon for GBP/USD. Above $1.314, the price will head towards $1.32 and then the highs of September above $1.33. A close below $1.304 is needed to […]
British Pound: USD/GBP (GBP=X) rallies through key resistance Hopes of a Brexit breakthrough have helped push GBP/USD through the crucial $1.3118 level. This brings about a greater chance that the pair will move into a more bullish phase, with the previous price action taking on a bullish falling wedge formation. Much of this will be […]
British Pound: USD/GBP (GBP=X) Uptrend Might be Resuming It is a testament to the turnaround in market perceptions of the Pound that it outperformed the U.S. Dollar last week, despite the fact that the Dollar has been one of the strongest currencies in the G10 of late. GBP/USD rose mainly on easing Brexit concerns after […]
British Pound: USD/GBP (GBP=X) still on a lower trajectory Rallies have been sold into over the past two weeks, so any move that fails to recover $1.3030 would still be another selling opportunity for GBP/USD. Below $1.2923, the price will target $1.2773 and then $1.2635. Overall, the bias in prices is: Sideways. The projected upper bound […]
British Pound: USD/GBP (GBP=X) on a downward path GBP/USD lost the rising trendline that had held since mid-August, continuing its decline from $1.33. Further losses will target $1.2940, the low from Tuesday, and then below this, $1.2773. A recovery above $1.3121 would be needed to suggest that the buyers are back in charge. Overall, the bias […]
British Pound: USD/GBP (GBP=X) continues downturn GBP/USD has dropped into a near three-week low, with the pair looking set for further downside from here. The downtrend seen since the $1.3298 peak is likely to persist, even if we are looking at a retracement. We would need to see a break through $1.3117 to pave the way […]
British Pound: USD/GBP (GBP=X) turning higher after recent decline GBP/USD has seen a sharp decline below $1.3055 over the past week, with the price creating a new lower low after the recent 61.8% upside retracement. Despite the broader uptrend over the past month, there is a possibility we could see this move as a wider retracement […]
British Pound: USD/GBP (GBP=X) uptrend and reached solid support The Pound-to-Dollar exchange rate took a modest hit last week after the U.S. Dollar strengthened following a positive endorsement of the economy by Jerome Powell, the chairman of the Federal Reserve which suggests the path for U.S. interest rates will remain higher for a good while longer. GBP/USD fell […]
British Pound: USD/GBP (GBP=X) lower due to the rally in the US dollar GBP/USD is also lower due to the rally in the US dollar. It was a quiet day in terms of economic indicators from the UK, so today’s move was dollar driven. The lack of clarity in relation to Brexit will continue to hang […]
British Pound: USD/GBP (GBP=X) continues to gain ground within likely retracement GBP/USD has been regaining ground following on from the deterioration through the $1.3098 swing low. That break points towards a strong possibility of another shift lower before long, thus highlighting the importance of the Fibonacci resistance up ahead. With this in mind, there is a […]
British Pound: USD/GBP (GBP=X) remains in an uptrend GBP/USD recovered from Friday’s slump, creating a higher low as it held above $1.3040 support. Further gains target $1.3204 and then $1.33. A drop below $1.3040 would suggest a move back towards rising support, around $1.2990. An ongoing failure to break $1.33 raises the prospect of a continuation […]
British Pound: USD/GBP (GBP=X) instigates fight back after recent decline GBP/USD dropped out of its recent uptrend, with the break below $1.3097 pointing towards further losses to come. The fall below the descending trendline support on the stochastic adds to that notion that we are now in a more bearish phase, with the fears over Brexit […]
British Pound: USD/GBP (GBP=X) reverses lower after break through key resistance GBP/USD managed to rally through the $1.3212 level yesterday, with the sellers coming in overnight to bring us back to that same level. The uptrend seen through recent weeks points towards a strong possibility of further upside to come, with a break below $1.3097 required […]
British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility GBP/USD is also gaining ground in early trade, with the pair attempting to push higher after falling below trendline support. That break could provide the first signal of an impending downturn. However, with the price not having broken below the $1.3056 swing low, we have not yet […]
British Pound: USD/GBP (GBP=X) faces key resistance The uptrend continues for GBP/USD, but so far this week gains above $1.3170 have proved fleeting. A breakout above this level targets $1.32, and then on to $1.3302. A move below $1.2940 would be needed to end the current bullish trend from the August lows. Overall, the bias in […]
British Pound: USD/GBP (GBP=X) sails higher Gains continue for GBP/USD, with the price heading on towards $1.32. The bullish view remains in place until we see a drop back below $1.2950. Further upside targets lie at $1.3204, and then $1.3358. Overall, the bias in prices is: Sideways. The projected upper bound is: 1.33. The projected lower […]
British Pound: USD/GBP (GBP=X) continues to push upwards GBP/USD has also retraced, with the pair moving back into trendline support. The recent uptrend points towards another potential shift higher from here, with a break below $1.2979 required to negate this recent rally. The price is trading within a bearish rising wedge formation, yet it’s worthwhile noting […]
British Pound: USD/GBP (GBP=X) remains in a short-term uptrend The Pound-to-US Dollar exchange rate crossed the 1.30 Rubicon last week when it rose from an open price of 1.2927 to a close, on Friday, of 1.3066 after Brexit risks subsided on the back of hopes of a deal being brokered. From a technical standpoint there […]
British Pound: USD/GBP (GBP=X) continues to grind higher GBP/USD has been pushing higher over the past fortnight, with the pair hitting the highest level in a month on Tuesday. However, despite attempting to break through that peak, we have seen the pair fail to overcome this week’s high of $1.3088. This may not necessarily be a […]
British Pound: USD/GBP (GBP=X) seeks to maintain bullish phase GBP/USD has been regaining ground over the past week, fueled for the most part by shifts in perception over Brexit talks. We have seen the pair drift lower since yesterday’s peak. However, with this weakness comes expectations of another push higher before long. So far, we have […]
British Pound: USD/GBP (GBP=X) pushed higher by Brexit optimism GBP/USD has finally managed to break above the downtrend line from the May highs. If the price succeeds in closing above $1.3040 then the breakout will target the $1.3205 area. A move back below $1.30 reignites the bearish move and suggests a move back to $1.2773. Overall, […]