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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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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GBP/USD Settles Below 1.3000 Ahead of Jobs Report

Key Highlights The British Pound declined recently below the 1.3000 and 1.2940 supports against the US Dollar. There is a crucial bearish trend line in place with resistance at 1.3160 on the 4-hours chart of GBP/USD. The Italian Industrial Output in Sep 2018 declined 0.2%, less than the -0.7% forecast. Today, the UK Claimant Count figure for Oct 2018 will be relea...
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GBP/USD Hesitates, But Further Gains Seem Likely

Key Highlights The British Pound recovered nicely and settled above the 1.2900 resistance against the US Dollar. There was a break above a significant bearish trend line with resistance at 1.2800 on the 4-hours chart of GBP/USD. The UK Services PMI in Oct 2018 declined from the last reading of 53.9 to 52.2. Today, the Euro Zone Services PMI for Oct 2018 will be re...
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