GBP/USD Signaling Bearish Continuation Below 1.3000

Key Highlights GBP/USD failed to recover above 1.3200 and declined more than 200 pips.The pair broke a crucial triangle support at 1.3110 on the 4-hours chart.The UK Industrial Production decreased 1.2% in Nov 2019 (MoM).The US CPI could increase 2.3% in Dec 2019 (YoY), more than the last 2.1%. GBP/USD Technical Analysis Earlier this month, GBP/USD topped near 1.3280 ...
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GBP/USD Could Rally Again If It Breaks 1.3200

Key Highlights GBP/USD is holding the key 1.3050 and 1.3000 support levels.A major bullish trend line is forming with support near 1.3090 on the 4-hours chart.The UK Services PMI increased from 49.0 to 50.0 in Dec 2019.The US ISM Non-Manufacturing Index could increase from 53.9 to 54.5 in Dec 2019. GBP/USD Technical Analysis After forming a swing high near 1.3284, GBP...
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GBP/USD Recovery Could Face Hurdles Near 1.3200

Key Highlights GBP/USD started a fresh increase from the 1.2904 low.There was a break above a bearish trend line with resistance near 1.2970 on the 4-hours chart.EUR/USD seems to be facing resistance near 1.1200 and 1.1220.The US Housing Price Index in Oct 2019 could increase 0.3% (MoM). GBP/USD Technical Analysis After a heavy decline, GBP/USD found support near the ...
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GBP/USD Nosedives, Risk of Additional Losses

Key Highlights GBP/USD declined heavily below the 1.3200 and 1.3000 support levels.There is a risk of more downsides below 1.2950 and 1.2920.EUR/USD is also showing bearish signs below 1.1120.The US Durable Goods Orders declined 2% in Nov 2019. GBP/USD Technical Analysis After a sharp rally, GBP/USD struggled to break the 1.3500 resistance. Later, the British Pound st...
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GBP/USD Remains In Uptrend Above 1.3200

Key Highlights This past week, GBP/USD rallied more than 400 pips to trade above 1.3500.It is currently correcting lower, but holding key supports above 1.3200.The UK Manufacturing PMI in Nov 2019 (Prelim) declined from 48.9 to 47.4.The UK Claimant count could change 20.2K in Nov 2019, less than the last 33.0K. GBP/USD Technical Analysis This past week, the British Po...
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GBP/USD Rally Could Continue Above 1.3200

Key Highlights GBP/USD started a strong increase from well below 1.3000.The pair surpassed many resistances near 1.3100, 1.3120 and 1.3150.EUR/USD is holding the key 1.1040 support area.The UK GDP could grow 0.1% in Oct 2019 (MoM). GBP/USD Technical Analysis After forming support near 1.2850, the British Pound started a strong rally against the US Dollar. GBP/USD brok...
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GBP/USD Holding Key Support, Likely To Rise Further

Key Highlights GBP/USD remained well supported above the 1.2880 area.A major bullish trend line is forming with support near 1.2875 on the 4-hours chart.The UK Manufacturing PMI increased from 48.3 to 48.9 in Nov 2019.The UK Construction PMI could rise from 44.2 to 44.5 in Nov 2019. GBP/USD Technical Analysis After forming a solid support near 1.2825, the British Poun...
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GBP/USD Could Struggle To Gain Momentum Above 1.2900

Key Highlights GBP/USD declined after it failed to surpass the 1.2970-1.2980 resistance area.It found support above 1.2820 and recently corrected towards the 1.2900 resistance.EUR/USD is trading in a bearish zone below the 1.1050 pivot level.The US New Home Sales could increase 1.2% in Oct 2019 (MoM). GBP/USD Technical Analysis This past week, the British Pound faced ...
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GBP/USD Signaling Bullish Continuation

Key Highlights GBP/USD rallied recently above the 1.2900 and 1.2950 resistance levels.There was a break above a major bearish trend line at 1.2920 on the 4-hours chart.A strong resistance is waiting on the upside near 1.3000.The US Housing starts could increase 0.6% in Oct 2019 (MoM). GBP/USD Technical Analysis After a downside correction, the British Pound found supp...
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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...
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