GBPUSD – British Pound Slow and Steady Uptrend

GBPUSD – British Pound Slow and Steady Uptrend Key Highlights             British Pound climbed higher vs the US Dollar during the past few days and looks set for more strength. There is a bullish trend line formed on the hourly chart of the GBPUSD pair, which may act as a support area if the pair corrects lower. In the UK today, the Mortgage Approvals w...
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GBPUSD – British Pound Setting Up For More Losses

GBPUSD – British Pound Setting Up For More Losses Key Highlights             British Pound traded down recently against the US Dollar, and broke a major support area. There was a bullish trend line formed on the 4-hours chart of the GBPUSD pair, which was broken to clear the path for more downsides. Today, the UK Manufacturing Production will be released...
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GBPUSD – British Pound Can Continue Trading Higher?

GBPUSD – British Pound Can Continue Trading Higher? Key Highlights             British Pound failed around the 1.4450 level against the US Dollar and started to move down once again. There are many support levels on the way down for the GBPUSD pair, which can act as a hurdle for the sellers. In the UK, the GfK Group Consumer Confidence was released, whic...
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GBPUSD May Be Heading Towards Breakdown

GBPUSD May Be Heading Towards Breakdown Key Highlights             British Pound recently recovered a few pips and traded above the 1.4220 resistance area against the US Dollar. The pair is currently trading near a support trend line on the hourly chart, which may play a crucial role moving ahead. In the UK, the RICS Housing Price Balance survey released b...
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GBPUSD Down and Out; Hits 7-year Low

GBPUSD Down and Out; Hits 7-year Low Key Highlights             British Pound continued to trade down, and created a new 7-year low against the US dollar. GBPUSD broke the 1.40 level and it looks like set for more losses in the near term. All the tension and drama in the UK and the Euro Zone regarding the Brexit ignited a solid downside reaction in the Bri...
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GBPUSD – More Declines Likely?

GBPUSD – More Declines Likely or Can it Recover? Key Highlights             British Pound continued to struggle to recover even 50 pips against the US Dollar. GBPUSD traded lower and tested the 1.4235-40 support area where buyers defended the downside. There is a major release in the UK today, as the Consumer Price Index will be published by the National...
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GBPUSD Buyers Surrender; Can it Recover?

GBPUSD Buyers Surrender; Can it Recover? Key Highlights             British Pound traded lower during the past couple of sessions against the US dollar and dropped towards 1.4660. There are a couple of bearish trend lines formed on the hourly chart, which may act as a resistance moving ahead. Today, the UK PMI Construction will be released by the Chartered...
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GBPUSD Closing In Towards a Major Resistance Area

GBPUSD Closing In Towards a Major Resistance Area Key Highlights             British Pound tested the 1.5000 support area against the US dollar and bounced back sharply. The GBPUSD pair recovered well, and currently trading near a major resistance area of 1.5100. In China, the NBS Manufacturing Purchasing Managers Index (PMI) released by the China Federati...
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