GBPUSD – British Pound In Clear Downtrend Vs Dollar

Key Highlights The British Pound dropped below 1.2300 against the US Dollar and remains in a downtrend. The GBPUSD pair broke a major support trend line at 1.2430 on the 4-hours chart, which initiated a downside move. Today in the UK, the British Retail Consortium (BRC) Like-For-Like Retail Sales for Feb 2017 (YoY) was released, which posted a decline of 0.4%. Lat...
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GBPUSD – Can British Pound Hold Uptrend Ahead of UK CPI?

Key Highlights The British pound somehow managed to stay supported near the 1.2440 level against the US Dollar. There is a critical bullish trend line on the 4-hours of GBPUSD at 1.2460, which is holding the downside move. Today, the UK Consumer Price Index will be released for Jan 2017 by the National Statistics, which is forecasted to increase by 1.9% (YoY). In ...
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GBPUSD – British Pound Likely Bullish Ahead of BOE Decision

Key Highlights The British Pound during the past few days traded positively, and broke the 1.2500 resistance against the US Dollar. The GBPUSD pair also broke a monster bearish trend line at 1.2470 on the daily chart. Today, the UK BoE Interest Rate Decision will be announced by the Bank of England, forecast is 0.25% vs 0.25% previous. The UK PMI Construction will...
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GBPUSD – British Pound Recovers Well From 1.2000 Vs Dollar

Key Highlights The British Pound after weakening towards 1.2000 against the US Dollar found support and traded higher. The GBPUSD pair bounced sharply, breaking the 1.2200 resistance and a couple of bearish trend lines on the 4-hours chart. Today, the UK Claimant Count Change figure will be released by the National Statistics, which is forecasted to post 3.7K in Dec ...
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GBPUSD – British Pound Attempts To Gain Momentum; US NFP Next

Key Highlights The British Pound recently traded higher against the US Dollar, and managed to break the 1.2350 resistance. There was a bearish trend line on the 4-hours chart of GBPUSD, which was acting as a resistance near 1.2350-60 and was cleared. Today in the US, the nonfarm payrolls figure will released by the US Department of Labor, which is forecasted to post ...
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GBPUSD – British Pound Looking To Extend Losses Vs Dollar

GBPUSD – British Pound Looking To Extend Losses Vs Dollar Key Highlights The British Pound recently failed to hold the 1.2600 support area against the US Dollar and declined. There was an important bullish trend line formed on the 4-hours chart of GBPUSD, which was broken at 1.2600 to ignite a downside move. In the UK, the BoE Interest Rate Decision was recently a...
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GBPUSD – Is Rebound a Correction or a Bullish Trend Change?

GBPUSD - Is Rebound a Correction or a Bullish Trend Change? Key Highlights The British Pound mostly traded in a range with resistance near 1.2530 against the US Dollar. There is a major bearish trend line and a crucial bullish trend line formed on the hourly chart of GBPUSD, acting as a resistance and support respectively. Today in China, the Manufacturing Purchasin...
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GBPUSD – British Pound Likely to Break Lower Versus Greenback

GBPUSD – British Pound Likely to Break Lower Versus Greenback Key Highlights The British Pound after trading above 1.2550 against the US dollar failed, and traded lower. There was a bullish trend line formed on the hourly chart of GBPUSD, meeting at 1.2400 was broken. Today, the UK British Retail Consortium (BRC) Like-For-Like Retail Sales was released, which post...
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GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next

GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next Key Highlights The British Pound recovered recently to trade above 1.2150 against the US Dollar. There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned. Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...
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GBPUSD – Can British Pound Recover From Recent Losses?

GBPUSD – Can British Pound Recover From Recent Losses? Key Highlights The British Pound faced a lot of selling pressure lately versus the US Dollar for a decline below 1.2400. There is a major bearish trend line formed on the hourly chart of GBPUSD, acting as a resistance near 1.2280-1.2300. Today, the UK RICS Housing Price Balance survey released by the Royal Ins...
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