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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EURGBP – British Pound Weakness To Continue?

EURGBP – British Pound Weakness To Continue? Key Highlights             Recent economic releases in the UK failed to help the British Pound and it traded lower not only against the US dollar, but also against the Euro. EURGBP traded above 0.7400-50 resistance area, which pushed the pair higher in the short term. Today, the Euro Area Industrial Production...
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EURGBP – Critical Break Noted; More Upsides Ahead?

EURGBP – Critical Break Noted; More Upsides Ahead? Key Highlights             Euro managed to gain traction against the British Pound and traded above a major resistance area. There was a contracting triangle on the hourly chart, which was broken during the upside move. Today, the UK Gross Domestic Product will be released by the National Statistics, whi...
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GBPUSD – Important Break ahead of Fed?

GBPUSD – Important Break ahead of Fed? Key Highlights             British Pound traded lower against the US Dollar and broke a major support trend line on the hourly chart. Can this be considered as an important break just ahead of the fed interest rate decision? The GBPUSD pair traded as low as 1.5030, and currently struggling to hold the ground. US T...
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GBPAUD – Aussie Dollar Surges Higher Post Employment Report

GBPAUD – Aussie Dollar Surges Higher Post Employment Report Key Highlights             There was a sharp upside reaction in the Aussie Dollar, as the Australian employment report released earlier today posted impressive figures. Australian Employment Change released by the Australian Bureau of Statistics came in at 58.6K in October 2015, which was more tha...
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Fed Interest Rate Decision Aftermath and Analysis on GBPJPY

Key Highlights British Pound suffered losses recently not only against the US Dollar, but also against the Japanese Yen. GBPJPY pair traded lower and looks set for more losses as there are many hurdles on the way up for the pair. In New Zealand, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank made no changes in ...
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GBPUSD – British Pound Trend Overwhelmingly Negative

Key Highlights British Pound weakened a lot this week against the US Dollar, and traded towards 1.5220-00. GBPUSD looks poised for more losses as there are many hurdles for buyers on the way up. Japanese Labor Cash Earnings released by the Ministry of Health, Labour and Welfare posted an increase of 0.6% in July 2015, compared with the forecast of 2.1%. US nonfarm pay...
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GBPJPY – Critical Juncture Post JPN Industrial Production

Key Highlights British Pound surged higher against the Japanese Yen, but it found resistance around a major resistance zone. Japanese Industrial Production released by the Ministry of Economy, Trade and Industry declined by 2.1% in May 2015, compared with the preceding month. Japanese Capacity Utilization also posted a decline by 3% in May, which was also below the for...
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GBPJPY Testing Critical Support Area

Key Highlights British pound surged higher against the Japanese yen, but stalled around 178.00 area. GBPJPY is correcting lower, and approaching a monster support area where buyers might appear. Japanese Consumer Confidence released by the Cabinet Office posted a minor increase from the last reading of 40.9 to 41.7 in March 2015. Japanese Consumer Confidence Earli...
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EURGBP at Make it or Break Levels

Key Highlights Euro’s slide against the British pound gained pace as sellers managed to take it lower. EURGBP tested the 0.7200 support area where buyers just managed to protect the downside. Today, in the Euro zone the Portugal Consumer Price Index was released by Statistics Portugal, which posted a rise of 1.9% in March 2015, compared to the preceding month. Tech...
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