GBP/USD Breaks Key Resistance But Can It Continue Higher?

Key Highlights The British Pound started a decent recovery above 1.2850 against the US Dollar.GBP/USD surpassed a key bearish trend line at 1.2835 on the 4-hours chart.UK’s GDP grew 0.3% in Q3 2019 (Preliminary) (QoQ), better than the last -0.2%.UK’s Claimant Count could change 20.0K in Oct 2019, less than the last 21.1K. GBP/USD Technical Analysis After a sharp d...
Read More

GBP/USD Facing Many Hurdles Near 1.3000

Key Highlights The British Pound failed to climb above 1.3000 and corrected lower against the US Dollar.A key bearish trend line is forming with resistance near 1.2960 on the 4-hours chart.The UK Construction PMI in Oct 2019 increased from 43.3 to 44.4.The US ISM Non-Manufacturing Index is likely to increase to 53.4 in Oct 2019. GBP/USD Technical Analysis After findin...
Read More

GBP/USD Could Test 1.2750 Before Fresh Increase

Key Highlights The British Pound is correcting gains and recently traded below 1.2850 against the US Dollar.A breakout pattern is forming with support near 1.2820 on the 4-hours chart of GBP/USD.EUR/USD is trading above the key 1.1050 support area.The US Pending Home Sales could increase 0.9% in Sep 2019 (MoM), less than the last 1.6%. GBP/USD Technical Analysis After...
Read More

GBP/USD Following Massive Uptrend, Brexit Deadline Looms

Key Highlights In the past few days, GBP/USD rallied above the 1.2750 and 1.2950 resistance levels.A crucial ascending channel is forming with support at 1.2940 on the 4-hours chart.The People´s Bank of China kept the interest rate at 4.2%.The US Existing Home Sales could decline 0.7% in Sep 2019 (MoM), whereas the last was +1.3%. GBP/USD Technical Analysis This past...
Read More

EUR/GBP Accelerating Losses, UK & Euro Zone CPI Reports Next

Key Highlights EUR/GBP declined heavily below the 0.8880 and 0.8800 support levels. The next key support is near the 0.8640 and 0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019 (YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY), more than the last +1.7%. EUR/GBP Technical Analysis This past week, there was a sharp rise in GB...
Read More

GBP/USD Correcting Gains But Remains Well Supported

Key Highlights GBP/USD started a downside correction from the 1.2700 resistance. There are many supports near the 1.2500 and 1.2420 levels.The UK Claimant Count could change 27.9K in Sep 2019, less than the last 28.2K.EUR/USD is holding an important support area near the 1.1000 level. GBP/USD Technical Analysis This past week, there was a sharp increase in the British...
Read More

GBP/USD Sighting Upside Break Above 1.2400

Key Highlights The British Pound rebounded after it found support near 1.2200 against the US Dollar. A key bearish trend line is forming with resistance near 1.2375 on the 4-hours chart of GBP/USD.The UK Halifax House Price Index declined 0.4% in Sep 2019 (MoM), whereas the forecast was +0.1%.The US Producer Price Index could increase 0.1% in Sep 2019 (MoM). GBP/USD Tech...
Read More

GBP/USD Could Dip Further Before Fresh Increase

Key Highlights The British Pound declined below the key 1.2350 support against the US Dollar. GBP/USD could find support near 1.2230 or 1.2200.The UK GDP grew 1.3% in Q2 2019 (YoY), more than the 1.2% forecast.The UK Manufacturing PMI is likely weaken further from 47.4 to 47.0 in Sep 2019. GBP/USD Technical Analysis In the past few days, there was a steady decline in ...
Read More

GBP/USD Approaching Key Uptrend Support

Key Highlights The British Pound started a downside correction from 1.2580 against the US Dollar. GBP/USD might find bids near 1.2380 and a bullish trend line on the 4-hours chart.The US Manufacturing PMI in Sep 2019 (Prelim) increased from 50.3 to 51.0.The US Consumer Confidence (CB) could decline from 135.1 to 134.1 in Sep 2019. GBP/USD Technical Analysis This past ...
Read More

EUR/GBP Remains At Risk Of More Declines

Key Highlights The Euro started a significant decline below the 0.9000 support against the British Pound. EUR/GBP could face resistance near 0.8900 and a bearish trend line on the 4-hours chart.The Euro Zone CPI increased 0.1% in August 2019 (MoM), less than the +0.2% forecast.The UK Retail Sales might increase 2.9% in August 2019 (YoY), less than the last +3.3%. EUR/GBP...
Read More

12...1020...»