GBP/USD Could Test 1.3000 In Near Term

Key Highlights The British Pound gained momentum recently and broke the 1.2900 resistance against the US Dollar. There are two bullish trend lines formed with support at 1.2780 on the 4-hours chart of GBP/USD. China’s Trade Balance in Dec 2018 posted a surplus of $57.06B, more than the $51.53B forecast. The US Producer Price Index for Dec 2018 will be released t...
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GBP/USD Gaining Strength Above 1.2720

Key Highlights The British Pound broke the key 1.2680 and 1.2720 resistances against the US Dollar. There was a break above a short term bearish trend line at 1.2740 on the 4-hours chart of GBP/USD. The US ISM Non-Manufacturing Index in Dec 2018 declined from 60.7 to 57.6. Today in the US, the Trade Balance figure for Nov 2018 will be released, which is forecasted...
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GBP/USD Nosedives Below Key Support, More Losses Likely

Key Highlights The British Pound formed a top near 1.2815 and later declined sharply against the US Dollar. There was a break below a major ascending channel with support at 1.2650 on the 4-hours chart of GBP/USD. The US Manufacturing PMI in Dec 2018 declined from the last revised reading of 55.3 to 53.8. Today in the US, the ADP Employment Change figure for Dec 2...
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GBP/USD’s Recovery Could Fail Near 1.2700

Key Highlights The British Pound found support near 1.2475 and recently recovered against the US Dollar. There are two important bearish trend lines in place with resistance near 1.2700 on the 4-hours chart of GBP/USD. The Euro Zone Core CPI declined 0.3% in Nov 2018 (MoM), more than the forecast of -0.2%. Today, the US Housing Starts for Nov 2018 will be released...
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EUR/GBP Remains In Uptrend Above 0.8940

Key Highlights The Euro rallied recently and traded above the 0.8900 and 0.9000 resistances against the British Pound. There is a crucial bullish trend line formed with support at 0.8960 on the 4-hours chart of EUR/GBP. The US CPI in Nov 2018 increased 2.2% (YoY), similar to the forecast, but less than the last 2.5%. Today, the ECB Interest Rate Decision is lined ...
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GBP/JPY Could Struggle To Surpass 143.50

Key Highlights The British Pound fell significantly and tested the 141.00 support area against the Japanese Yen. There are two key bearish trend lines formed with resistance near 143.40-50 on the 4-hours chart of GBP/JPY. The UK Claimant Count in Nov 2018 changed 21.9K, more than the 13.2K forecast. Today, the US Consumer Price Index for Nov 2018 will be released,...
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GBP/USD In Significant Downtrend Below 1.2800

Key Highlights The British Pound declined heavily and broke the 1.2660 support against the US Dollar. There are two important bearish trend lines formed with resistance near 1.2775 on the 4-hours chart of GBP/USD. The UK Industrial Production in Nov 2018 declined 0.6% (MoM), whereas the market was looking for a 0.1% rise. Today, the UK Claimant Count figure for No...
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GBP/USD Remains In Major Downtrend Below 1.2900

Key Highlights The British Pound declined recently and broke the 1.2800 support against the US Dollar. There is a crucial bearish trend line in place with resistance near 1.2770 on the 4-hours chart of GBP/USD. The UK Manufacturing PMI in Nov 2018 increased from 51.1 to 53.1. Today, the UK’s Construction PMI for Nov 2018 will be released, which is forecasted to ...
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GBP/USD Rebound Facing Crucial Resistance

Key Highlights The British Pound found support near 1.2720 and recovered against the US Dollar. There is a crucial bearish trend line formed with resistance at 1.2900 on the 4-hours chart of GBP/USD. The German business sentiment index in Nov 2018 declined from the last revised reading of 102.9 to 102.0. Today, the US House Price Index for Sep 2018 will be release...
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GBP/USD Likely To Struggle Near 1.2920

Key Highlights The British Pound found support near the 1.2770 level and recovered against the US Dollar. There is a major bearish trend line in place with resistance at 1.2920 on the 4-hours chart of GBP/USD. The NAHB Housing Market Index in Nov 2018 declined from 68 to 60. Today in the UK, the CBI Industrial Trends Survey Orders report for Nov 2018 will be relea...
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