GBP/USD – Can British Pound Settle Above 1.2850 Vs US Dollar

Key Highlights The British Pound recovered well after trading a few pips below the 1.2600 handle against the US Dollar. The GBP/USD pair is correcting higher, but faces a crucial resistance on the upside near 1.2850. Recently in the UK, the CBI Distributive Trades Survey – Realized for June 2017 was released, which posted a solid increase of 12% (MoM). Today in ...
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GBP/USD – British Pound Declines Due to Delays in Brexit Talks

Key Highlights The British Pound came under a lot of pressure due to the UK’s general election result and Conservatives losing majority. The GBP/USD pair traded sharply lower during the past few days and broke a few important supports such as 1.2900 and 1.2770. Today in the UK, the Claimant Change for May 2017 will released by the National Statistics, which is fore...
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GBP/USD – British Pound Broke Uptrend Support Vs US Dollar?

Key Highlights The British Pound after trading as high as 1.3047 against the US Dollar made a downside move. The GBP/USD pair recently broke a crucial channel support at 1.2920 on the daily chart, which can be considered as a bearish break. In the UK, the GfK Group Consumer Confidence for May 2017 released today posted a rise from -7 to -5. In the Euro Zone today,...
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GBPUSD – Sterling Awaits UK’s Employment Report for Next Move

Key Highlights The British Pound struggled a lot to break the 1.2980-1.3000 resistance area against the US Dollar. The GBPUSD pair moved down, and broke a major bullish trend line at 1.2932 on the 4-hours chart. Today in the UK, the Claimant Count Change for April 2017 will be released by the National Statistics, which is forecasted to post 7.5K. In the US, the In...
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GBPUSD – Can British Pound Stay Above 1.2850 Vs US Dollar?

Key Highlights The British Pound after struggling to remain above the 1.2950 resistance against the US Dollar moved down. The GBPUSD pair is trading above a major bullish trend line with support at 1.2870 on the 4-hours chart. Today in the UK, the British Retail Consortium (BRC) Shop Price Index for April 2017 (YoY) posted a decline of 0.5%. Today in the US, the a...
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GBPUSD – Is This Real Break In Pound To Dollar?

Key Highlights The British Pound after a steady rise gained momentum against the US Dollar, and moved above 1.2600. There is a major bullish trend line with support at 1.2620 formed on the 4-hours chart of GBPUSD. Recently in the US, the Industrial Production for March 2017 released by the Board of Governors of the Federal Reserve posted an increase of 0.5%. Today...
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GBPUSD – 1.24000 Holds Key For Pound To Dollar With NFP Ahead

Key Highlights The British Pound failure to remain above 1.2600 against the US Dollar ignited a downside move. There is an important bullish trend line with support at 1.2420 formed on the 4-hour chart of GBPUSD. Today, the US nonfarm payrolls for March 2017 will be released by the US Department of Labor, which is forecasted to post an increase of 180K. Today, the...
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GBPUSD – Can British Pound Retest 1.2600 Vs US Dollar?

Key Highlights The British Pound traded with positive bias during the past few days and moved above 1.2400 against the US Dollar. The GBPUSD pair also broke a bearish trend line with resistance at 124.00 on the daily chart. The pair may now head towards another bearish trend line with resistance at 1.2580-1.2600 on the same chart. The UK Retail Sales figure for Fe...
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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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