GBP/USD Remains In Uptrend Above 1.3120

Key Highlights The British Pound climbed to 1.3380 before correcting lower against the US Dollar. A major bullish trend line is formed with support at 1.3060 on the 4-hours chart of GBP/USD. The UK Rightmove House Price Index increased 0.4% in Feb 2019 (MoM), less than the last +0.7%. The UK Claimant Count for Feb 2019 will be released today, which could change by...
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EUR/GBP Could Resume Slide Below 0.8530

Key Highlights The Euro recovered recently, but failed to clear the 0.8650 resistance against the British Pound. A crucial bearish trend line is formed with resistance at 0.8620 on the 4-hour chart of EUR/GBP. The US Durable Goods Orders increased 0.4% in Jan 2019, better than the -0.5% forecast. The German CPI for Feb 2019 will be released today, which could incr...
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GBP/USD Upside Break Above 1.3100 Looks Real

Key Highlights The British Pound rallied recently after trading as low as 1.2960 against the US Dollar. A crucial bearish trend line was breached with resistance at 1.3120 on the 4-hours chart of GBP/USD. The US Retail Sales in Jan 2019 increased 0.2% (MoM), compared with the last decline of 1.6%. The US Consumer Price Index for Feb 2019 will be released today, wh...
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GBP/USD Rally Unwinds But Not Likely Over

Key Highlights The British Pound surged above 1.3250 before sellers appeared near 1.3350 against the US Dollar. A major declining channel is in place with resistance near 1.3240 on the 4-hours chart of GBP/USD. The UK Construction PMI declined from 50.6 to 49.5 in Feb 2019. The UK Services PMI for Feb 2019 will be released today, which could decline from 50.1 to 4...
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EUR/GBP Could Resume Downtrend Below 0.8700

Key Highlights The Euro struggled near 0.8840 and later declined against the British Pound. There was a break below a major bullish trend line with support at 0.8770 on the 4-hours chart of EUR/GBP. Germany’s PPI for Jan 2019 increased 0.4% (MoM), compared with the -0.2% forecast. The Euro Zone Manufacturing PMI for Feb 2019 (Preliminary) will be released today,...
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GBP/USD Rebound Reaching Crucial Juncture

Key Highlights The British Pound corrected higher and broke the 1.2850 resistance against the US Dollar. There is a crucial bearish trend line formed with resistance at 1.2970 on the 4-hours chart of GBP/USD. UK’s Rightmove House Price Index for Feb 2019 increased 0.2% (MoM), less than the last +0.4%. The UK Claimant Count figure for Feb 2019 will be released to...
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GBP/USD Rebound Could Face Hurdles

Key Highlights The British Pound declined heavily and broke the 1.3040 support area against the US Dollar. Two bearish trend lines formed with resistance at 1.2970 and 1.3025 on the 4-hours chart of GBP/USD. The UK Manufacturing Production in Dec 2018 declined 0.7% (MoM), compared with the +0.1% forecast. Today in the US, the NFIB Business Optimism Index for Jan 2...
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GBP/USD Correcting Lower Towards Key Support

Key Highlights The British Pound started a major downside correction from the 1.3217 high against the US Dollar. There is a key declining channel formed with resistance at 1.3120 on the 4-hours chart of GBP/USD. The UK Construction PMI in Jan 2019 declined from 52.8 to 50.6. The UK Services PMI for Jan 2019 will be released today, which could decline from 51.2 to ...
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EUR/GBP Could Continue To Rebound In Near Term

Key Highlights The Euro formed a solid support near 0.8620 and recovered against the British Pound. There was a break above a crucial bearish trend line with resistance at 0.8660 on the 4-hours chart of EUR/GBP. The Euro Zone Economic Confidence Index in Jan 2019 declined from 107.4 to 106.2. Today, the Euro Zone GDP figure for Q4 2018 (Prelim) will be released, w...
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GBP/USD Remains In Significant Uptrend

Key Highlights The British Pound climbed higher recently and settled above the 1.3000 pivot against the US Dollar. There is a major bullish trend line in place with support at 1.3070 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity Index (CFNAI) increased from 0.21 to 0.27 in Dec 2018. Today in the US, the Consumer Confidence for Jan 2019 will be...
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