GBPUSD – British Pound Looking To Extend Losses Vs Dollar

GBPUSD – British Pound Looking To Extend Losses Vs Dollar Key Highlights The British Pound recently failed to hold the 1.2600 support area against the US Dollar and declined. There was an important bullish trend line formed on the 4-hours chart of GBPUSD, which was broken at 1.2600 to ignite a downside move. In the UK, the BoE Interest Rate Decision was recently a...
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GBPUSD – Is Rebound a Correction or a Bullish Trend Change?

GBPUSD - Is Rebound a Correction or a Bullish Trend Change? Key Highlights The British Pound mostly traded in a range with resistance near 1.2530 against the US Dollar. There is a major bearish trend line and a crucial bullish trend line formed on the hourly chart of GBPUSD, acting as a resistance and support respectively. Today in China, the Manufacturing Purchasin...
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GBPUSD – British Pound Likely to Break Lower Versus Greenback

GBPUSD – British Pound Likely to Break Lower Versus Greenback Key Highlights The British Pound after trading above 1.2550 against the US dollar failed, and traded lower. There was a bullish trend line formed on the hourly chart of GBPUSD, meeting at 1.2400 was broken. Today, the UK British Retail Consortium (BRC) Like-For-Like Retail Sales was released, which post...
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GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next

GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next Key Highlights The British Pound recovered recently to trade above 1.2150 against the US Dollar. There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned. Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...
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GBPUSD – Can British Pound Recover From Recent Losses?

GBPUSD – Can British Pound Recover From Recent Losses? Key Highlights The British Pound faced a lot of selling pressure lately versus the US Dollar for a decline below 1.2400. There is a major bearish trend line formed on the hourly chart of GBPUSD, acting as a resistance near 1.2280-1.2300. Today, the UK RICS Housing Price Balance survey released by the Royal Ins...
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GBPUSD – British Pound Sighting Recovery; US GDP Next

GBPUSD – British Pound Sighting Recovery; US GDP Next Key Highlights The British Pound managed to gain bids near 1.2920 versus the US Dollar and started recovering. The GBPUSD pair is facing an uphill task and resistance, which may stop the recent upside move. Today, the UK will witness the release of Consumer Credit by the Bank of England, which is forecasted to ...
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GBPUSD – British Pound Sights UK Employment Report For Recovery

GBPUSD – British Pound Sights UK Employment Report For Recovery Key Highlights British Pound was seen under a bearish pressure this week against the US Dollar. The GBPUSD pair weakened, and traded below a bullish trend line on the 4-hours chart. Today in the UK, there is a major economic release, as the Claimant Count Figure will be published by the National Stati...
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GBPUSD – British Pound Sighting New Highs Versus Dollar

GBPUSD – British Pound Sighting New Highs Versus Dollar Key Highlights The British Pound managed to gain traction against the US Dollar and traded higher. There is a bullish trend line formed on the 4-hours chart of the GBPUSD pair, which is acting as a support zone. Today in the UK, the British Retail Consortium (BRC) Retail Sales Monitor was released. The for...
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GBPUSD – British Pound Awaits Employment Report For Next Move

GBPUSD – British Pound Awaits Employment Report For Next Move Key Highlights British Pound after declining below 1.2900 versus the US Dollar found bids and recovered. There was a major bearish trend line formed on the 4-hours chart of the GBPUSD, which was broken during the recent upside move. Today in the UK, the Claimant Count Change, Rate and ILO Unemployment R...
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GBPUSD – BOE Delivers, British Pound Collapses; NFP Next

GBPUSD – BOE Delivers, British Pound Collapses; NFP Next Key Highlights The British Pound tumbled recently against most major currencies, especially against the US Dollar. The Bank of England yesterday reduced the interest rates from 0.50% to 0.25% as per the forecast. Today, the US nonfarm payrolls figure will be released by the US Department of Labor. The for...
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