GBP/USD: Is This Correction or Trend Change?

Key Highlights The British Pound started a downside move after trading as high as 1.4345 against the US Dollar. There was a break below a key bullish trend line with support at 1.4130 on the 4-hours chart of GBP/USD. Two important supports on the downside 1.3950 and 1.3920 hold a lot of significance in the short term. The UK British Retail Consortium (BRC) Like-Fo...
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GBPJPY – Make it or Break it for British Pound?

Key Highlights British Pound after declining towards 180.40 against the Japanese Yen found support. GBPJPY is currently trading higher and approaching towards a major swing area. UK British Retail Consortium (BRC) Shop Price Index released during the Asian session posted a decline of 1.4% in August 2015, compared with the preceding month. Australian Home Loans release...
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EURGBP Might Struggle To Trade Higher

Key Highlights Euro traded higher against the British pound, but struggled to clear a major hurdle at 0.7350. EURGBP market sentiment looks bullish, but it is facing an important resistance which is stalling upside in the near term. Germany Factory orders will be released by the Deutsche Bundesbank, which is expected to increase by 1.5% in February 2015, compared to the...
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