EUR/GBP Analysis: Daily Chart Suggests Crucial Bullish Break

Key Highlights The Euro climbed above the 0.8700 and 0.8750 resistance levels against the British Pound. EUR/GBP surpassed a major bearish trend line with resistance near 0.8640 on the daily chart.The UK CPI increased 2.1% in April 2019 (YoY), less than the 2.2% forecast.The Euro Zone Manufacturing PMI in May 2019 (Prelim) could rise from 47.9 to 48.1. EURGBP Technical A...
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GBP/USD Trading Near Make-or-Break Support

Key Highlights The British Pound declined recently below the 1.3050 support against the US Dollar.A key bullish trend line is forming with support at 1.2948 on the 4-hours chart of GBP/USD.There are many resistances on the upside near 1.2975, 1.3020, 1.3050 and 1.3060.The UK Claimant Count in April 2019 could change 24.2K, less than the last 28.3K. GBPUSD Technical Analy...
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GBP/USD Could Rebound Further Above 1.3200

Key Highlights The British Pound rebounded nicely and traded above 1.3150 against the US Dollar.A major bullish trend line is forming with support near 1.3035 on the 4-hours chart of GBP/USD.The Euro Area Retail Sales in March 2019 increased 1.9% (YoY), better than the 1.8% forecast.UK’s BRC Like-for-Like Retail Sales in April 2019 could increase 2.4% (YoY). GBPUSD Tec...
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GBP/JPY Signaling Bullish Continuation Above 146.00

Key Highlights The British Pound traded higher recently and broke the 145.00 resistance against the Japanese Yen.GBP/JPY broke a connecting bearish trend line with resistance at 144.90 on the 4-hours chart.The US ADP Employment in April 2019 changed 275K, better than the 180K forecast.Today, the BoE Interest Rate Decision is scheduled in the UK (forecast – no change from ...
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GBP/USD In Significant Downtrend Below 1.3000

Key Highlights The British Pound traded to a new monthly low at 1.2865 against the US Dollar.A major bearish trend line is forming with resistance near 1.2980 on the 4-hours chart of GBP/USD.The US Personal Income in March 2019 (MoM) increased 0.1%, less than the 0.4% forecast.The US Pending Home Sales could rise 0.5% in March 2019 (MoM). GBPUSD Technical Analysis Ear...
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Can GBP/USD Bounce Back In Near Term?

Key Highlights The British Pound declined steadily recently below the 1.3080 support against the US Dollar.GBP/USD traded below a major bullish trend line with support at 1.3070 on the daily chart.The US Existing Home Sales in March 2019 declined 4.9% (MoM), more than the -2.3% forecast.The US Housing Price Index in Feb 2019 could rise 0.3% (MoM), less than the last +0.6%. ...
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GBP/JPY Remains Supported On Dips Near 145.60

Key Highlights The British Pound traded higher recently and tested 147.00 against the Japanese Yen.GBP/JPY surpassed two key bearish trend lines near 145.90 on the 4-hours chart.The UK Claimant Count in March 2019 changed 28.3K, more than the 20.0K forecast.The UK Consumer Price Index in March 2019 (YoY) could increase 2.0%. GBPJPY Technical Analysis The British Pound...
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GBP/USD Remains In Uptrend Above 1.3000

Key Highlights The British Pound remains well supported above the key 1.3000 support against the US Dollar.A major bullish trend line is in place with support at 1.3040 on the daily chart of GBP/USD.The NY Empire State Manufacturing Index in April 2019 increased from 3.7 to 10.1.The UK Claimant Count in Feb 2019 could change 20K, less than the last 27K. GBPUSD Technical ...
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GBP/USD Closing In Towards Next Key Break

Key Highlights The British Pound remains in a bearish zone below 1.3200 against the US Dollar.A crucial bearish trend line is formed with resistance at 1.3140 on the 4-hours chart of GBP/USD.The US Factory Orders declined 0.5% in Feb 2019 (MoM), better than the -0.6% forecast.The US NFIB Business Optimism Index in March 2019 might decline from 101.7 to 101.3. GBPUSD Tech...
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GBP/JPY Signaling Bullish Continuation Above 147.00

Key Highlights The British Pound recovered and broke the 146.40 resistance against the Japanese Yen.GBP/JPY cleared a crucial bearish trend line with resistance at 145.80 on the 4-hours chart.The UK Construction PMI in March 2019 increased from 49.5 to 49.7.The UK Services PMI for March 2019 is likely to decline from 51.3 to 50.9. GBPJPY Technical Analysis This past w...
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