EUR/GBP – Euro at Risk of Further Declines Vs British Pound

Key Highlights The Euro started a downside move from the 0.9280 swing high and now trading below 0.8800 against the British Pound. There is a key bearish trend line forming with resistance at 0.8780 on the 4-hours chart of EUR/GBP. Germany’s GfK Consumer Confidence in Oct 2017 is forecasted to decline from 10.9 to 10.8. The US Gross Domestic Product report will ...
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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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GBPJPY – Risk of More Losses Remain

GBPJPY – Risk of More Losses Remain Key Highlights             British Pound continued to struggle not only against the US Dollar but also against the Japanese Yen. There is a major bearish trend line formed on the 4-hours chart of GBPJPY, which is acting as a barrier for buyers. In the UK, the GfK Group Consumer Confidence posted a minor increase from t...
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