GBP/USD Showing Signs of Further Weakness

Key Highlights The British Pound is trading in a downtrend below the 1.2800 support against the US Dollar. Two bearish trend lines are formed near 1.2735 on the 4-hours chart of GBP/USD.There is a risk of more downsides unless the pair settles above 1.2800.The US Consumer Confidence in May 2019 could increase from 129.2 to 130.1. GBPUSD Technical Analysis This past we...
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GBP/USD Trading Near Make-or-Break Support

Key Highlights The British Pound declined recently below the 1.3050 support against the US Dollar.A key bullish trend line is forming with support at 1.2948 on the 4-hours chart of GBP/USD.There are many resistances on the upside near 1.2975, 1.3020, 1.3050 and 1.3060.The UK Claimant Count in April 2019 could change 24.2K, less than the last 28.3K. GBPUSD Technical Analy...
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GBP/USD Could Rebound Further Above 1.3200

Key Highlights The British Pound rebounded nicely and traded above 1.3150 against the US Dollar.A major bullish trend line is forming with support near 1.3035 on the 4-hours chart of GBP/USD.The Euro Area Retail Sales in March 2019 increased 1.9% (YoY), better than the 1.8% forecast.UK’s BRC Like-for-Like Retail Sales in April 2019 could increase 2.4% (YoY). GBPUSD Tec...
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GBP/USD In Significant Downtrend Below 1.3000

Key Highlights The British Pound traded to a new monthly low at 1.2865 against the US Dollar.A major bearish trend line is forming with resistance near 1.2980 on the 4-hours chart of GBP/USD.The US Personal Income in March 2019 (MoM) increased 0.1%, less than the 0.4% forecast.The US Pending Home Sales could rise 0.5% in March 2019 (MoM). GBPUSD Technical Analysis Ear...
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Can GBP/USD Bounce Back In Near Term?

Key Highlights The British Pound declined steadily recently below the 1.3080 support against the US Dollar.GBP/USD traded below a major bullish trend line with support at 1.3070 on the daily chart.The US Existing Home Sales in March 2019 declined 4.9% (MoM), more than the -2.3% forecast.The US Housing Price Index in Feb 2019 could rise 0.3% (MoM), less than the last +0.6%. ...
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GBP/USD Remains In Uptrend Above 1.3000

Key Highlights The British Pound remains well supported above the key 1.3000 support against the US Dollar.A major bullish trend line is in place with support at 1.3040 on the daily chart of GBP/USD.The NY Empire State Manufacturing Index in April 2019 increased from 3.7 to 10.1.The UK Claimant Count in Feb 2019 could change 20K, less than the last 27K. GBPUSD Technical ...
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GBP/USD Closing In Towards Next Key Break

Key Highlights The British Pound remains in a bearish zone below 1.3200 against the US Dollar.A crucial bearish trend line is formed with resistance at 1.3140 on the 4-hours chart of GBP/USD.The US Factory Orders declined 0.5% in Feb 2019 (MoM), better than the -0.6% forecast.The US NFIB Business Optimism Index in March 2019 might decline from 101.7 to 101.3. GBPUSD Tech...
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GBP/USD Rebound Could Face Strong Resistance

Key Highlights The British Pound found support near 1.2980 and recently recovered against the US Dollar. A major bearish trend line is in place with resistance at 1.3190 on the 4-hours chart of GBP/USD. The UK Manufacturing PMI in March 2019 increased from 52.1 to 55.1. The UK Construction PMI for March 2019 is likely to rise from 49.5 to 49.8. GBPUSD Technical...
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GBP/USD Approaching Crucial Resistance Near 1.3300

Key Highlights The British Pound recovered nicely after trading towards the 1.3000 support against the US Dollar. A major bullish trend line is in place with support at 1.3120 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity Index (CFNAI) declined from -0.25 to -0.29 in Feb 2019. The US Consumer Confidence in March 2019 could increase from 131.4 ...
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GBP/USD Remains In Uptrend Above 1.3120

Key Highlights The British Pound climbed to 1.3380 before correcting lower against the US Dollar. A major bullish trend line is formed with support at 1.3060 on the 4-hours chart of GBP/USD. The UK Rightmove House Price Index increased 0.4% in Feb 2019 (MoM), less than the last +0.7%. The UK Claimant Count for Feb 2019 will be released today, which could change by...
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