GBP/JPY Nosedives, Decline Could Extend To 132.00

Key Highlights The British Pound declined sharply after it broke the 135.20 support against the Japanese Yen. A crucial resistance is forming near 135.00 and a bearish trend line on the 4-hours of GBP/JPY.The UK Claimant Count changed 38.0K in June 2019, whereas the market was looking for 22.8K.The UK Consumer Price Index in June 2019 could rise 2% (YoY), similar to the las...
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GBP/USD Recovery Approaching Key Juncture

Key Highlights The British Pound recovered recently after trading as low as 1.2439 against the US Dollar. GBP/USD is now struggling below the 1.2580 resistance and a bearish trend line on the 4-hours.The NY Empire State Manufacturing Index increased from -8.6 to 4.3 in July 2019.The UK Claimant count in June 2019 could change by 18.9K, less than the last 23.2K. GBPUSD Te...
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GBP/USD Could Accelerate Losses Below 1.2450

Key Highlights The British Pound declined sharply after it broke the 1.2600 support against the US Dollar. GBP/USD formed a couple of bearish continuation patterns on the 4-hours chart.There could be sharp losses if the pair fails to stay above 1.2480 or 1.2450.The Swiss Unemployment Rate in June 2019 (MoM) is likely to remain at 2.4%. GBPUSD Technical Analysis After ...
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GBP/USD Showing Signs of Short Term Weakness

Key Highlights The British Pound failed to settle above 1.2760 and recently declined against the US Dollar. GBP/USD is likely following a declining pattern and it could test the 1.2600 support area.The UK Manufacturing PMI in May 2019 declined further from 49.4 to 48.0.The UK Construction PMI in May 2019 might increase from 48.6 to 49.3. GBPUSD Technical Analysis This...
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GBP/USD Could Extend Losses In Near Term

Key Highlights The British Pound declined further below the 1.2570 support against the US Dollar. GBP/USD could struggle to recover above 1.2570 and 1.2600 resistance levels.The NY Empire State Manufacturing Index declined sharply from 17.8 to -8.6 in June 2019.The Euro Zone CPI in May 2019 could increase 0.2% (MoM), less than the last +0.7%. GBPUSD Technical Analysis ...
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GBP/USD Could Start Strong Rebound In Near Term

Key Highlights The British Pound found support near 1.2560 and rebounded recently against the US Dollar. GBP/USD broke a major bearish trend line with resistance at 1.2675 on the 4-hours chart.The UK Industrial Production in April 2019 declined 2.7%, whereas the forecast was +0.1%.The UK Claimant Count in May 2019 could change 22.9K, less than the last 24.7K. GBPUSD Tech...
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GBP/USD In Major Downtrend Below 1.2750

Key Highlights The British Pound extended its decline below the 1.2600 support area against the US Dollar. GBP/USD remains in a strong downtrend unless it recovers above 1.2750.The UK Manufacturing PMI declined sharply from 53.1 to 49.4 in May 2019.The UK Construction PMI might remain stable at 50.5 in May 2019. GBPUSD Technical Analysis In the past few weeks, there w...
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GBP/USD Showing Signs of Further Weakness

Key Highlights The British Pound is trading in a downtrend below the 1.2800 support against the US Dollar. Two bearish trend lines are formed near 1.2735 on the 4-hours chart of GBP/USD.There is a risk of more downsides unless the pair settles above 1.2800.The US Consumer Confidence in May 2019 could increase from 129.2 to 130.1. GBPUSD Technical Analysis This past we...
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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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